Cathie Wood Sees Strong Demand for SpaceX, Tesla Robotaxis

This article first appeared on GuruFocus.

ARK Invest founder Cathie Wood expressed bullish views on both SpaceX and Tesla (TSLA, Financials), pointing to strong investor demand for private space assets and growing confidence in autonomous driving technology.

Speaking in a Bloomberg interview, Wood described investor appetite for the expected SpaceX IPO as voracious, saying demand could outpace available shares despite the offering’s reported $75 billion size.

Wood said SpaceX is currently the largest holding in ARK’s venture fund and suggested future businesses such as orbital data centers could significantly expand the company’s long-term revenue opportunities.

On Tesla, Wood argued the company’s vertically integrated structure gives it a major advantage in the emerging robotaxi industry. She said ARK expects autonomous ride costs could eventually fall to around 25 cents per mile, well below current ride-hailing prices.

Wood also suggested Tesla could maintain lower operating costs than rivals such as Waymo because it controls more of its manufacturing and supply chain operations internally.

Investors continue closely watching Tesla’s autonomous driving rollout and the timing of a possible SpaceX public listing, both viewed as major catalysts for ARK’s long-term investment strategy.