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Feb 5, 2026 12:30 PM

Cathie Wood Adds Tesla Stock To Space ETF: Is This A Bet On SpaceX Merger?

A merger between SpaceX and xAI has all eyes on companies led by Elon Musk with reports that the billionaire could also be eyeing a tie-up with Tesla Inc (NASDAQ:TSLA).

One of the biggest Tesla bulls could be betting on the electric vehicle company combining with the other Musk-led companies.

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Cathie Wood Adds Tesla Stock to Space ETF

The Ark Space & Defense Innovation ETF (BATS:ARKX) added 35,766 Tesla shares to its fund on Wednesday.

Cathie Wood’s Ark Invest is no stranger to buying and selling shares of Tesla stock across several of the fund's ETFs.

However, this purchase should jump out to investors as the fund held no Tesla shares prior to this purchase.

As of Thursday, the Ark Space & Defense Innovation ETF owned 35,766 Tesla shares, representing 1.99% of the fund's assets.

Primarily focused on space and defense stocks, the addition of Tesla should spark some thought for investors. Ark Invest could be building a stake in case Tesla votes on a merger with SpaceX/xAI. The ETF could also be building a Tesla stake due to the fund now listing adaptive robotics as ...