SpaceX's 47% Drop a Buying Opportunity? Cathie Wood Thinks So - ARK Space & Defense Innovation ETF (BATS:

• ARK Space & Defense Innovation ETF shares are showing limited movement. Where is ARKX stock headed?Speaking to Fox Business, the ARK Invest founder called SpaceX a company that could become “the most important company in global history,” arguing that its opportunity extends far beyond rockets into global telecommunications through Starlink. Her comments come as SpaceX trades nearly 47% below its June peak and ahead of a widely watched share unlock that could add volatility to the stock. Wood’s conviction has been backed by action. Over the past several weeks, ARK Invest has repeatedly added to its SpaceX position, including purchases worth roughly $54 million last week, another $57 million earlier this week, and approximately $18 million following the latest Starship launch delay, spreading the purchases across multiple ARK ETFs, according to Investor’s Business Daily.ARK ETFs Are Increasing Their SpaceX ExposureRather than trimming positions after the stock’s decline, ARK has used the weakness to accumulate shares.Among these, ARKX has become one of the most SpaceX-heavy diversified ETFs in the market, with SpaceX accounting for about 8% of assets, making it the fund’s largest holding following ARK’s latest purchases.SpaceX-Focused ETFs Remain in the SpotlightWood’s comments are also likely to renew investor interest in ETFs designed specifically to capture SpaceX’s growth story.Unlike traditional aerospace ETFs, these funds are built around SpaceX and its expanding ecosystem, giving investors a way to participate without owning the stock directly.The recent correction has pressured these ETFs alongside SpaceX, but the company’s inclusion in the Nasdaq-100 and continued institutional accumulation have kept investor interest elevated. Analysts covering the stock remain broadly constructive, with a Buy consensus rating despite the selloff, according to Benzinga Pro.Not All Space ETFs Are Built the SameWood’s optimism also highlights a growing divide within the space ETF universe.The newer generation of SpaceX-focused ETFs, however, offers a more concentrated bet on Musk’s expanding businesses, particularly: