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Cathie Wood Snaps Up $421K In Shares Of This 3D Printing Partner Of Elon Musk's SpaceX

Benzinga LogoBenzinga1w ago

Cathie Wood Snaps Up $421K In Shares Of This 3D Printing Partner Of Elon Musk's SpaceX - Benzinga

Quick Summary:

Cathie Wood’s Ark Investment Management on Friday hiked its stake in Velo3D Inc (NYSE: VLD), a 3D-printing technology firm that counts Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's SpaceX among its key customers.

Wood bought over 96,000 shares of the company, valued at over $421,000 based on Thursday’s closing price through the ARK Space Exploration & Innovation ETF (NYSE: ARKX).

The fund holds Velo3D shares valued at over $8.9 million with a ...


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Article Details

Author / Journalist: Bhavik Nair

Category: Technology

Topics: Trading Ideas US88160R1014 Penny Stocks US5398301094 SpaceX ARK Investment Management Tech Broad U.S. Equity ETFs LMT Eurasia Small Cap Benzinga Long Ideas ETFs AJRD ARKX Cathie Wood News Markets VLD TSLA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 01:37:53

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Reading Time: 2 minutes read

Article Length: 229 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 484045

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 19 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 13h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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