Why Cathie Wood Is Trimming the World's Biggest Tech Stock to Bet on a Space Company

ARK Invest rotated capital out of the world's most valuable company and into a loss-making space startup valued at roughly 58x sales. The move signals ARK's willingness to exchange established large-cap technology exposure for high-valuation, long-duration bets on space-based infrastructure. The trade is unlikely to move broad markets but highlights speculative investor positioning around next-generation infrastructure.