Cathie Wood's Ark Invest Buys Tesla Stock in Space ETF

Cathie Wood, the head of Ark Invest, has made an unusual investment decision by purchasing Tesla stock for the first time in the company's Space ETF. According to Jin10, this move has attracted attention and sparked analysis suggesting that it might be a strategic bet on a potential merger between the electric vehicle giant Tesla and SpaceX. Analysts believe this acquisition could be a preemptive step in anticipation of such a merger.