Cathie Wood, a longtime Elon Musk backer, has been judiciously adding to her firm's positions in both Tesla and SpaceX, as the stocks slump.

Cathie Wood named Tesla and SpaceX her top AI picks on July 22, 2026, as ARK Invest deployed over $580M across both stocks in recent weeks.

Ark Invest bought $14.1 million of SpaceX-linked shares and $8.6 million of Tesla stock Monday, July 27, 2026.