Cathie Wood Doubles Down on SpaceX as AI Market Jitters Persist

The latest acquisition, spread across the ARKK, ARKQ, and ARKW funds, continues a buying spree that began with the company’s June 12 Nasdaq debut. SpaceX shares closed at $139.14 on July 13, marking a 4.24% decline for the session and falling below the critical $150 support level. Technical indicators, including a negative MACD reading, suggest that bearish pressure remains a persistent hurdle for the stock, raising concerns that prices could slide toward the $135 IPO threshold.

While Wood remains bullish, federal regulators are signaling caution. A draft U.S. Treasury report warns that the integration of AI into the broader economy is now more profound than the dot-com era, meaning a sector-specific downturn could trigger ripple effects in private credit, semiconductors, and utility infrastructure. Analysts at BlackRock have already begun adjusting their strategy, trimming direct AI exposure in favor of indirect beneficiaries like energy-intensive data center hosts. Meanwhile, the debate over market overheating intensifies, as research suggests tech investment has reached 5% of U.S. GDP, fueling fears that current valuations are built on productivity gains that have yet to materialize.