Cathie Wood, CEO of ARK Invest, named Tesla and SpaceX as her top AI investment picks during a Fox Business appearance on July 22, 2026. ARK Invest deployed approximately $530 million on SpaceX’s IPO debut day in June 2026, followed by adding over $80 million in additional SpaceX shares through mid-July. The firm also purchased approximately 160,000 Tesla shares worth around $50 million on July 24, 2026, after the stock declined roughly 15%. SpaceX saw its market cap drop to approximately $1.9 trillion, a decline of roughly 38% from its peak, yet ARK continued buying throughout the drawdown. Wood’s thesis centers on Tesla’s robotaxis and Optimus humanoid robots, along with SpaceX’s orbital data centers, which she views as physical-world AI applications with significant long-term potential.
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