Why Cathie Wood Is Still Bullish as SpaceX Stock Hits a New Low

• SpaceX’s share price has dropped to around $135, pushing SpaceX stock to its lowest level since the SpaceX IPO. Despite the selloff, Cathie Wood remains bullish, arguing Elon Musk’s company has strong long-term growth drivers through reusable rockets and Starlink
• Cathie Wood remains bullish, arguing that Elon Musk’s company has a 10-year lead in reusable rocket technology over rivals like Blue Origin, giving SpaceX stock a durable competitive moat
• SpaceX stock could gain long-term support from the rapid growth and profitability of Starlink, while investors are closely watching upcoming SpaceX IPO results that could shape the next major move in the share price

SpaceX share prices have fallen dramatically over the last two days as heavy profit booking continues to gnaw at the SpaceX stock price. Elon Musk’s company share price is at an all-time low now, exploring the $135 price range as SpaceX IPO euphoria fades. Despite the criticism that the stock has been receiving as of late, ArkInvest’s Cathie Wood is still bullish on the asset, stating that SpaceX stock is bound to grow stronger with time. Here’s what she thinks will help the stock grow extensively in the future. 

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Why Cathie Wood Is Still Bullish on SpaceX Stock

The SpaceX share price has hit its lowest since the SpaceX IPO launch, becoming a center of mainstream discussion. The company’s stock has fallen to $135 after hitting a high of $225 in June 2026, as heavy profit booking and growing concerns over its AI developments started to weigh on the asset. 

In the middle of this, a new interview of Cathie Wood has surfaced online, discussing how she is still bullish on the SpaceX share price.  Despite its recent dramatic fall, Wood shared how Elon Musk’s SpaceX has an edge over companies trying to establish themselves in the space exploration domain. Citing the example of Blue Origin, Wood stated how SpaceX has a 10-year lead in the reusable rocket domain, giving the firm an edge over its competitors. 

She later added how SpaceX’s share price could also strengthen due to the firm’s bolstering satellite business. The company is extensively scaling its satellite business to ensure broad connectivity, which again can be a game-changer for the SpaceX stock price. 

“And by the way, the profitability that we see spewing out of Starlink is going to be astonishing. And SpaceX has a 10-year lead on any other company. It was the first company to launch a reusable rocket 10 years ago, 2015. Blue Origin is the second one. That was last year. I think it was last November. And it has been unable to relaunch successfully. That’s the key here. So we are very focused on companies developing a moat, and SpaceX and OpenAI and Anthropic all have those massive moats.”

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SpaceX Share Price Falls To Pre IPO Levels 

SpaceX stock has fallen to its lowest after peaking in June, dropping to $135 at press time. Moreover, concerns regarding its valuation being driven by hype rather than fundamentals are also resurfacing, hitting the stock directly at its core. 

Investors are now keenly awaiting the first SpaceX IPO results. This development may end up making or breaking the asset in the near term, per analysts. 

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