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Cathie Wood may have timed her Elon Musk bet just right
Key takeaways
- Cathie Wood may have timed her Elon Musk bet just right Moz Farooque Sat, June 13, 2026 at 11:47 PM GMT+7 5 min read SPCX On June 12, Space X turned one of Wall Street’s hottest listings into a full-blown market event.
- Investors were bracing for a choppy debut, given its enormous valuation, heavy Musk premium, and questions about whether a rocket-and-satellite company could justify AI-stock-style pricing.
- Instead, Space X’s IPO landed with force, raising $75 billion and jumping almost 20% in its first day of trading, according to CNBC.
Cathie Wood may have timed her Elon Musk bet just right Moz Farooque Sat, June 13, 2026 at 11:47 PM GMT+7 5 min read SPCX On June 12, Space X turned one of Wall Street’s hottest listings into a full-blown market event.
Investors were bracing for a choppy debut, given its enormous valuation, heavy Musk premium, and questions about whether a rocket-and-satellite company could justify AI-stock-style pricing.
Instead, Space X’s IPO landed with force, raising $75 billion and jumping almost 20% in its first day of trading, according to CNBC.
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