Cathie Wood Says SpaceX Could Become The Most Important Company In History

Cathie Wood named Elon Musk’s SpaceX (SPCX) as her favorite stock and said it could become the most important company in history. According to BeInCrypto, Wood made the comment in a July Fox Business interview, citing Starlink, reusable rockets and an orbital data center opportunity. She also said SpaceX is on track to generate $47 billion a year and rents computing power to Anthropic, Google and others. SpaceX stock has fallen about 40% from its peak and was near $119, while the company’s IPO filing showed $41.3 billion in losses.