Cathie Wood Just Cut Her SpaceX Position. Is It Time to Sell?

Cathie Wood's ARK Invest sold some of its SpaceX shares this week, but the fund manager remains bullish on the company's long-term prospects.

The sale comes as SpaceX continues to make progress in its space internet project, Starlink, and as the company's valuation has increased significantly.

Wood's firm, ARK Invest, is known for its aggressive growth strategy and its focus on innovative technologies.