Cathie Wood Scores Quick Win With $20M SpaceX Stock Buy

Cathie Wood and her team at ARK Invest just scored a fast win. Trading disclosures show the firm bought $20.45 million worth of SpaceX stock on July 20. Just one day later, the share price climbed 7.10 percent to reach $128.37.

Four of the firm's actively managed funds captured the early paper profits from this move. SpaceX continues to draw massive interest from institutional investors as private space ventures grow.

Market watchers are now keeping a close eye on ARK Invest to see if the firm adds more to this position. Big tech and space bets remain a core focus for the fund manager as market conditions shift.