Cathie Wood Bets Big On Musk As SpaceX–xAI Merger Anchors 17.5% Of ARK Fund

Cathie Wood's flagship venture fund has realigned its heaviest bets following a record-breaking merger between Elon Musk's aerospace giant and his artificial intelligence startup. A Trillion-Dollar Integration The ARK Venture Fund (ARKVX) has confirmed that SpaceX and xAI have merged in a “transformative deal” that values the combined entity at $1.25 trillion. This consolidation has officially solidified SpaceX as the fund’s largest single position. According to fund data as of Jan. 31, SpaceX held a weig ...