Cathie Wood's ARK Invest purchased 3.29 million SpaceX shares, boosting its largest fund holding ahead of a potential $1.75 trillion IPO on Nasdaq.

Cathie Wood's ARK Invest purchased 3.29 million SpaceX shares, boosting its largest fund holding ahead of a potential $1.75 trillion IPO on Nasdaq.

Cathie Wood's firm ARK Invest staked a large position in Elon Musk's SpaceX on Friday. The firm already has a huge chunk of Tesla stock.