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Cathie Wood Swaps Tesla for SpaceX in $529M Elon Musk Pivot
Cathie Wood bought $529.7 million of SpaceX stock on its first day of trading and sold Tesla shares at the same time. Both companies belong to Elon Musk, but Wood’s conviction has clearly shifted. The trades came on June 12, SpaceX’s IPO day, when shares surged 19% and Musk’s net worth crossed $1 trillion for...
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