The article discusses Cathie Wood’s Ark Venture Fund and its plans to invest in Elon Musk’s startups by 2024. Wood, the founder and CEO of Ark Invest, revealed that her firm is actively researching Musk’s companies, including SpaceX, Neuralink, and The Boring Company, with the goal of potentially investing in them. She expressed her admiration for Musk’s innovative spirit and his ability to disrupt multiple industries. Wood believes that Musk’s companies align with Ark’s focus on disruptive innovation and could potentially generate significant returns. However, she acknowledged the challenges of investing in private companies and the need for thorough due diligence. The article highlights Ark’s interest in cutting-edge technologies and its willingness to explore unconventional investment opportunities.
Source: https://www.businessinsider.com/cathie-wood-ark-venture-fund-elon-musk-startups-2024-11