SpaceX Stock Slide and ARK’s Bet | Raleigh News

SpaceX stock is sliding below its IPO price as investor nerves tighten over Starship delays and a high valuation, but Cathie Wood’s ARK Invest sees it as a buying opportunity, scooping up millions in shares across four funds. Their bet? SpaceX’s “cost-and-scale flywheel” — if Starship slashes launch costs, it unlocks massive satellite networks and orbital infrastructure no one else can match. Starlink’s revenue is already booming, and orbital data centers are the next big play. But setbacks like the recent aborted test flight and looming post-IPO share sales add pressure. With earnings coming August 4th and Wall Street split on valuation, investors are watching closely for signs of real momentum — subscriber growth, cash flow, and launch cadence will decide if this is a long-term winner or a risky rebound. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b4228bb87be9f5d4