Cathie Wood Says SpaceX Could Become ‘the Most Important Company in History’ Despite 48% Stock Slide

Ark Looks Beyond SpaceX’s Stock Slide

Ark Invest CEO Cathie Wood doubled down connected SpaceX contempt the stock’s punishing retreat, arguing that Elon Musk’s institution has the imaginable to alteration communications, artificial quality and humanity’s entree to space.

She said successful an interview with Fox Business connected July 22:

“We deliberation this could go the astir important institution successful history, and I mean successful planetary history.”

“Because we are talking astir not lone truly exploring a caller world—the universe—in presumption of its motorboat capabilities and helping others to bash truthful arsenic well, but besides a planetary communications network,” she explained.

Space Exploration Technologies Corp. (Nasdaq: SPCX) traded astatine $116.95 connected July 22, astir 48.17% beneath its 52-week precocious of $225.64 and 13.37% beneath its $135 IPO price. Investors are besides preparing for one of the largest stock unlocks successful U.S. marketplace history, with restrictions connected astir 911.5 cardinal insider shares scheduled to statesman expiring connected Aug. 6, 2 days aft the company’s archetypal quarterly net report. Additional shares could go eligible nether conditional provisions.

SpaceX banal terms connected July 22. Source: TradingView

Ark’s buying has matched Wood’s rhetoric. The steadfast added different $20.5 cardinal of SpaceX shares during the selloff aft building an archetypal presumption of astir 3.3 cardinal shares crossed 3 exchange-traded funds (ETFs) pursuing the listing. The latest acquisition brought Ark’s further post-IPO buying to astir $80 million. The purchases amusement Ark is utilizing the crisp diminution to deepen its vulnerability adjacent arsenic the looming $116 cardinal stock unlock threatens to adhd much near-term pressure.

SpaceX completed its IPO astatine $135 per share, selling astir 639 cardinal shares aft underwriters afloat exercised their option. That generated astir $86.25 cardinal successful gross proceeds, according to the company’s official filing with the U.S. Securities and Exchange Commission (SEC).

Starlink Gives SpaceX Global Reach

Wood argued that telecommunications has traditionally been a country-by-country business, wherever companies entered caller markets by acquiring section telecom operators. She said Starlink has changed that dynamic, emphasizing:

“This is simply a planetary business, and SpaceX is the archetypal mover with 70% of the satellites retired there.”

That standard supports Ark’s broader Starlink concern thesis, which treats outer broadband arsenic a cardinal root of SpaceX’s semipermanent value.

In January, the Federal Communications Commission (FCC) authorized SpaceX to deploy an further 7,500 second-generation, oregon Gen2, Starlink satellites, expanding its approved constellation to 15,000 satellites worldwide. As of July 2026, SpaceX had astir 10,800 Starlink satellites successful orbit, underscoring the standard down Wood’s planetary communications thesis.

Orbital Data Centers Add an AI Opportunity

Wood’s bullish thesis doesn’t halt with net access. She believes SpaceX could usage its outer and information halfway infrastructure to little computing costs and enactment the improvement of precocious AI models.

“Beyond that, we person the planetary information centers, oregon orbital information centers, truthful they volition beryllium the astir economical and volition let Elon and squad the accidental to develop, we think, immoderate of the astir blase frontier models successful the satellite astatine the lowest cost. So, immense opportunities,” Wood said.

The Ark Invest enforcement added that SpaceX is already monetizing its computing infrastructure connected Earth:

“In the meantime, connected Earth, SpaceX is renting retired its information centers to Anthropic and Google and others. It’s an astonishing story.”

Her comments item wherefore Ark has continued expanding its SpaceX presumption contempt the stock’s crisp decline. The company’s archetypal quarterly net study and the Aug. 6 commencement of the expiration of restrictions connected astir $116 cardinal worthy of insider shares are expected to beryllium the adjacent large tests of whether investors stock Wood’s semipermanent conviction.