SpaceX Stock Breaks The IPO Price -- and Cathie Wood Keeps Buying the Dip

SpaceX shares have risen above their initial public offering price, marking a significant milestone for the privately-backed space company. ARKK manager Cathie Wood continues accumulating positions in SpaceX despite market volatility, with ARKK down 3.68% on the day.

Why it matters: The stock's performance comes as SpaceX trades at SPCX (-3.08%) and TSLA (-0.86%) also see declines amid broader market weakness.