Cathie Wood Doubles Down on Tesla and SpaceX as Wall Street Turns Cautious Cathie Wood, the high profile investor behind Ark Invest, has demonstrated her reputation for bold contrarian plays in a rapidly shifting market landscape by doubling down on two of Elon Musk's most ambitious ventures – Tesla (TSLA) and SpaceX (SPCX).
Despite mounting concerns from Wall Street about their short term prospects, Wood has invested $23 million worth of shares in both companies as of July 27.
Wood's confidence in the long term potential of these companies is unwavering, even as they face challenges.