Cathie Wood's Ark Is Buying Stock in Space SPAC Rocket Lab

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Cathie Wood’s Ark Invest is dipping back into a space SPAC, with two of the firm’s funds buying up stock in Rocket Lab the past two days.

Cathie Wood's Ark Invest is dipping back into a space SPAC, with two of the firm's funds buying up stock in Rocket Lab the past two days.The purchases mark the first recent space SPAC stock the firm has owned since selling its position in Virgin Galactic in May 2021A look at the company's production floor shows a series of Electron boosters, with the typical black carbon fiber rockets in the foreground and a metallic-looking reusable booster in the center.

Cathie Wood's Ark Invest is dipping back into a space SPAC, with two of the firm's funds buying up stock in

 

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