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Founder and CEO of ARK Invest, an asset management firm known for high-conviction bets on disruptive technology stocks like Tesla and AI companies.
CoreWeave's 2031 bond yield passed 16% and the cost to insure its debt topped 1,000 basis points, a record. The strain sits on one loss-making borrower, and the sources do not show it spreading across AI infrastructure.
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ARK Invest bought about $24.7 million of CoreWeave shares days before Cathie Wood urged investors to track where AI agents spend money. For now ARK's money is on the compute agents consume, and the fight over which payment network they use is still being argued in papers and protocols.
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Cathie Wood cites 99.99% annual falls in AI inference costs against Bill Ackman's warning that the Fed's September hike won't slow AI spending. Her figures price AI's output and his worry is demand for its inputs, so both can hold at once.
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ARK's Brett Winton says each Starship flight could add over $700 million of annual SpaceX revenue, a figure tied to ARK's $2.5 trillion 2030 valuation. At about $2.0 trillion, SPCX already trades at 80% of that target while AI contracts bring in close to $2.2 billion a month, more than launches earn.
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The rebate ladder that recruits big exchanges also shrinks the burn: 60 cents of every fee dollar at the bottom tier, 26.25 cents at the top.
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The Series D is the headline. The operating record behind it, 85,000 driverless orders at 99% on time on repeating dock-to-store lanes, is the part that priced the round.
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Cathie Wood says analysts covering Visa and Mastercard are missing stablecoin disruption. Circle's $48M quarter finally gives the argument numbers, and the numbers cut both ways.
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