ARK Space ETF Buys Tesla for the First Time, Possibly Betting on a Merger Between Tesla and SpaceX

Glonghui, February 9th｜Cathie Wood, the head of ARK Invest, has recently drawn attention for an unusual investment decision: her ARK Space ETF has purchased Tesla stock for the first time. Some analysts believe this move appears to be a bet on a potential merger between the electric vehicle giant and SpaceX, positioning in advance for such a possibility. Tesla is actively advancing its Optimus humanoid robot project, and in the future, robots may participate in extraterrestrial civilization construction, which could be the reason ARK Invest included this company, known for its electric vehicles, in its Space ETF. In a recent public conversation, Wood also stated that considering Tesla's long-term ambitions across multiple industries, the company could potentially achieve a market capitalization of 100 trillion USD.