On July 22, 2026, ARK Invest CEO Cathie Wood named Tesla and SpaceX as her top AI stock picks on Fox Business. ARK Invest deployed approximately $530 million on SpaceX’s IPO debut day in June 2026, adding over $80 million in additional shares through mid-July. On July 24, 2026, ARK purchased approximately 160,000 Tesla shares worth around $50 million after the stock dropped roughly 15%. SpaceX traded as low as approximately $1.9 trillion in market cap, a decline of roughly 38% from its peak. Wood cited Tesla’s robotaxis, Optimus humanoid robot program, and AI infrastructure, and SpaceX’s orbital data centers, satellite networks, and potential to become “the most important company in global history.” Tesla has consistently represented roughly 8% to 10% of ARK’s flagship ARKK ETF. Wood’s thesis is that physical-world AI applications represent the larger long-term opportunity.