Cathie Wood Eyes Long-Term Potential as SpaceX Stock Falls Below IPO Price Despite Starship Success

SPCX-1.23%
According to Cathie Wood, founder of ARK Invest, SpaceX stock fell below its IPO price recently despite the successful completion of Starship's splashdown recovery—a development that should be transformative for the company. Wood attributed this counterintuitive price action to the market "climbing the wall of worry," a phenomenon where markets maintain upward momentum despite persistent negative sentiment. She argued that true bull markets only end when all investors become complacent and abandon risk awareness, suggesting current market caution provides support for long-term gains.
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