SpaceX (SPCX) Stock Has Plunged 45% From Its Post-IPO High, and Cathie Wood Recently Bought $51 Million of It

SpaceX shares have plummeted 45% from their post-IPO high, reaching a value of $124. Amidst this decline, Cathie Wood's ARK Invest purchased an additional $51 million to $52.1 million in stock. Other notable acquisitions were made by Coinbase and Circle. This significant drop from the peak valuation has coincided with strategic buying activity from ARK Invest and other major firms, reflecting a complex market reaction to the current price of SpaceX shares.