Cathie Wood Swaps Robinhood for SpaceX, Archer—Did ARK Pivot Back to Moonshot Innovation?
Cathie Wood sold $10M of Robinhood while adding $15M to SpaceX and boosting Archer Aviation. Here's what ARK Invest's ETF rotation signals.
Cathie Wood's investment company moved money away from Robinhood (a stock-trading app) into SpaceX and Archer (companies building rockets and flying taxis). This shows she thinks those moonshot companies might be better bets right now.
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