Cathie Wood Reveals Her Favorite Investment With the Boldest Prediction Yet

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Cathie Wood just named her favorite stock. It is Elon Musk’s SpaceX (SPCX), and she says it could become the most important company in history.

That is a bold call right now. SpaceX has fallen about 40% from its peak and now trades below where it started.

SpaceX Is Wood’s Top Pick

Wood spoke in a July interview with Fox Business host Maria Bartiromo. Bartiromo asked for her favorite stock. Wood picked SpaceX right away.

“Ultimately SpaceX when they combine… the orbital data center opportunity.”

She has backed SpaceX since late 2023. When it went public, she spent $529.7 million on the first day. She sold Tesla shares to help pay for it.

This is a familiar move. ARK also bought Coinbase and CoreWeave soon after they listed. Wood likes to buy fast-growing names early.

Wood’s Boldest Prediction Yet

Then Wood made her biggest claim.

“We think this could become the most important company in history and I mean in global history.”

Her reasons are simple. SpaceX runs Starlink, which beams internet from space. Wood says it controls about 70% of all active satellites. Starlink is also the only part of SpaceX that makes money.

SpaceX rents out computing power to big AI firms too.

“In the meantime on Earth, SpaceX is renting out its data centers to Anthropic and Google and others.”

It may also feed data to xAI’s Grok models. Wood says the company is on track to make $47 billion a year.

SpaceX Stock Has Fallen Hard

But the market is not sold yet. The stock trades near $119. That is below where it started, and almost 4% lower on Wednesday.

The numbers explain the doubt. SpaceX has run up $41.3 billion in losses, its IPO filing shows. Recent Starship test delays hurt the stock too.

Wood says the sell-off misses the bigger picture.

“It has a ten year lead and the key has been reusable rockets.”

She has a point. SpaceX landed and reused a rocket back in 2015. No rival matched that for years.

Wood has been early before. She bought Tesla in 2016. She backed Bitcoin years ago. Bloomberg even named her the best stock picker of 2020.

But her record swings a lot. Her main fund fell about 78% from 2021 to 2022. Morningstar says it wiped out $7 billion for investors between 2014 and 2024.

Wood sees the drop as a chance to buy. She says SpaceX opens up huge markets.

“There are lots of opportunities and they are multi trillion dollar opportunities.”