Bullish
Cathie Wood Claims Bull Market Continues Despite SpaceX Stock Falling Below IPO Price
2026-07-28 12:55:49
ARK Invest founder asserts bullish outlook persists despite SpaceX shares trading below initial public offering levels, citing successful Starship test as potential turning point.
Woofun AI reports that Cathie Wood, founder of ARK Invest, stated on X that the successful splashdown of SpaceX's Starship last Friday may represent a turning point for the company. Although SpaceX stock opened Monday below its IPO price, Wood argues the market is climbing a "wall of worry" and the bull market remains intact. She emphasized that bull markets typically end only when universal optimism prevails regarding future possibilities.
WOOFUN AI
Impact Assessment · Quick Read
Wood’s commentary highlights the divergence between operational milestones and short-term equity valuation for private or recently public space sector assets. Her reference to a 'wall of worry' suggests that negative price action may not signal trend reversal but rather typical volatility within a broader uptrend. Investors monitoring space-tech equities may view this as a counter-narrative to bearish sentiment driven by post-IPO price declines.
Generated by WOOFUN AI · For reference only, not investment advice
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