Musk Likely to Combine SpaceX and xAI, Cathie Wood Says

Summary

Cathie Wood, CEO of Ark Invest, discusses her venture fund's SpaceX and xAI holdings and says a combination of the two private companies is becoming more likely. She explains the interval-fund structure of ARK Venture Fund and how it can handle private-to-public transitions. Wood also argues the debasement trade is misplaced, expecting the US dollar to strengthen on deregulation, tax cuts, and capital-friendly policies. She briefly addresses succession planning at Ark Invest.

• Cathie Wood says SpaceX and xAI are increasingly likely to combine.
• ARK Venture Fund holds SpaceX and xAI and is structured as an interval fund with high private exposure.
• Wood expects to bump public positions after SpaceX IPOs without forced selling.
• Wood calls the debasement trade misplaced and favors the US dollar.
• She cites US deregulation, corporate tax cuts, and capital-friendly policies as dollar supports.
• She notes little gold-Bitcoin correlation but says gold led past Bitcoin cycles.
• Wood says Ark Invest has a firm succession plan.