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Cathie Wood Sold SpaceX Stock on Spectrum News Day

Original: Cathie Wood Sold SpaceX Stock the Same Day It Dropped Its Spectrum Bombshell

ARK Invest chief Cathie Wood sold a stake in SpaceX on the same day the company moved to take over EchoStar's unused wireless spectrum, a move that shook telecom and satellite players. The timing of her exit has drawn attention, with observers weighing whether it was coincidence or a read on the fallout from SpaceX's spectrum ambitions.

Why now: The coincidence of her sale landing the same day as SpaceX's disruptive spectrum announcement is fueling speculation about what she knew or anticipated.

Cathie WoodARK InvestSpaceXEchoStar

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Evidence

• Cathie Wood Sold SpaceX Stock the Same Day It Dropped Its Spectrum Bombshell · 24/7 Wall St.

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