Cathie Wood labels SpaceX IPO a bargain based on Starship revenue projections

Cathie Wood of ARK Invest argues that the $1.75 trillion SpaceX IPO is a deep value opportunity. Her valuation is based on the projection that each Starship launch could generate $1 billion in revenue through Starlink capacity, with Elon Musk targeting 10,000 flights annually by 2030. While the stock has struggled since its June debut, Wood maintains that the long-term revenue potential makes the current price a bargain.