Odaily Planet Daily reports: Cathie Wood, founder of ARK Invest, posted on X that last Friday’s successful water landing of SpaceX’s Starship may be a turning point for SpaceX. However, the company’s stock price further dropped below its IPO offering price when trading opened on Monday. Cathie Wood believes the market is climbing a “wall of worry,” but the bull market is not over; she emphasized that bull markets typically end when everyone believes the future holds limitless potential.
Cathie Wood: SpaceX Stock Drops Below IPO Price, But Bull Market Not Over
KuCoinFlashShare
Summary
Cathie Wood said SpaceX’s stock fell below its IPO price, but the bull market remains intact. She noted that the Starship landing could be a turning point. Wood described the current trend as a "wall of worry" climb. She warned that bull markets often end when optimism peaks. Price analysis shows mixed signals, but she remains bullish. Crypto price trends remain a key focus for investors.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.