Cathie Wood Bets on SpaceX’s Dip, But Is Its Sky-High Valuation Justified?

Cathie Wood’s Ark Invest has been buying SpaceX stock as it trades about 50% below its IPO peak, betting on a massive long-term payoff from SpaceX’s reusable rocket tech and the growth of the space economy. The article notes SpaceX’s very high price-to-sales multiple and ongoing losses, but Ark argues for potential hundreds of billions in gross profit by 2030. Caution is advised: Fool’s analysis suggests SpaceX is expensive and not yet profitable, and warns readers that Ark’s funds have had mixed performance, so follow-your-leader decisions should be weighed against broader risk and alternative top stock picks.