Cathie Wood Adds SpaceX, CoreWeave, and Tesla While Trimming Shopify
Claire Weston
ARK Invest poured fresh capital into SpaceX, CoreWeave and Tesla last week while cutting Shopify — a clear shift from consumer internet toward AI infrastructure and space.
What is the core logic behind these buys?
ARK's single largest addition last week was SpaceX, timed just before the company's first-ever earnings report.
This means → Wood is willing to bet ahead of the numbers, signaling very high conviction in SpaceX's fundamentals.
She also added CoreWeave and Tesla in the same week. All three buys point one way: hard-tech infrastructure.
Why are space and defense ranked as the highest-conviction theme?
ARK explicitly tagged space and defense as its highest-conviction investment theme right now.
In plain terms = in Wood's view, the space sector currently carries more certainty than even AI, her long-standing overweight.
SpaceX, the global leader in commercial spaceflight, is the most direct expression of that call.
What signal does the Shopify trim send?
ARK cut its position in e-commerce platform Shopify during the same period.
This reflects a clear directional rotation: capital moving from consumer internet into AI compute and space.
In plain terms = Wood isn't saying Shopify is broken — she's saying SpaceX and CoreWeave offer better asymmetry. Same dollar, bigger upside in her view.
Content is for reference only, not financial advice.