Cathie Wood Says SpaceX Could Become 'Most Important Company in History' as Stock Slides 48%

According to a Fox Business interview on July 22, Ark Invest CEO Cathie Wood said SpaceX could become "the most important company in history," citing its potential in space exploration, global communications, and artificial intelligence infrastructure. Wood emphasized Starlink's role as a first-mover satellite broadband operator with 70% of deployed satellites globally.

SpaceX shares traded at $116.95 on July 22, down 48% from their $225.64 52-week peak and 13% below the $135 IPO price. Despite the selloff, Ark has added roughly $80 million in SpaceX shares across its ETFs, with CEO Wood highlighting orbital data centers as another value driver for advanced AI development.