Cathie Wood Just Cut Her SpaceX Position. Is It Time to Sell?
2026-10-10 15:33
•Jennifer Saibil •The Motley Fool
•• •• Axe Cap view
Cathie Wood’s Small SpaceX Trim Doesn’t Signal Trouble
Ark Invest’s minor sale of SpaceX shares feels more like portfolio housekeeping than panic.
Cathie Wood’s Ark Invest trimmed its SpaceX stake by just 0.4%, the first sale since SpaceX’s public debut. This isn’t a red flag but rather a routine rebalance. Starlink continues to deliver impressive growth—66% revenue increase and doubled subscribers to 12 million—fueling some operating profit. That kind of momentum contrasts with the rocket launch segment, which still drags the bottom line. For South African investors, there’s no direct play on SpaceX, but Prosus exposure offers indirect tech upside given its global tech reach. Meanwhile, the USD/ZAR has been steady, so no immediate shake-up here. Watch the Starlink story closely; a stumble could pressure growth tech globally and weigh on Prosus. But for now, Wood’s move feels tactical, not tactical or fear-driven. this is just our opinion and not financial advice
We would watch Prosus for now but avoid chasing new tech bets based on this small shift. Hold if you have exposure, trim if high conviction elsewhere arises.
- Prosus
- USD/ZAR
- Starlink fails to sustain growth
- Global tech selloff impacts Prosus and USD/ZAR volatility
6/10
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.
Our take is based on reporting first published by The Motley Fool.