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

Cathie Wood's Ark Invest sold approximately 55,000 shares of SpaceX from its Next Generation Technology ETF, marking the first reduction since SpaceX went public in June. The sale represents only 0.4% of the ETF's position and is likely a routine rebalancing rather than a loss of confidence. SpaceX's Starlink satellite business continues to drive profitability with 66% revenue growth and doubled subscriber count to 12 million, while the rocket-launching business remains unprofitable.