Cathie Wood Trims Elon Musk's SpaceX, ARK Invest Adds To Meta, Amazon And CoreWeave Positions
Cathie Wood's Ark Invest trimmed its SpaceX stake by about $9.4 million on Tuesday, Oct. 6, 2026, while adding Meta Platforms, Amazon and CoreWeave
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Why Is Nebius Group Stock Soaring Tuesday?
Nebius expands AI cloud capacity with the Inferize buy, 50 MW data center deal, and $399 price target from BNP Paribas. Stock surges.
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SpaceX launched a test satellite with Google's TPUs to explore orbital data centers, but satellite-based data centers will cost 2.5-3x more than Earth-based facilities. Tech giants need computing power immediately and are investing heavily in neocloud companies like Nebius and Iren, which have available megawatt capacity and scaling pipelines. Orbital data centers are unlikely to replace terrestrial data centers in the near term.
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Better Cloud Investment: Amazon or Nebius Group?
Amazon and Nebius Group represent two different cloud computing investment strategies. Amazon's AWS offers stable, profitable growth with a 37% YoY revenue increase and 39% operating margin, backed by $220 billion in data center spending. Nebius, a neocloud computing specialist, shows explosive 454% YoY growth but operates at a -30% operating margin while taking on significant debt. The article recommends a 75/25 portfolio split favoring Amazon for lower risk, while Nebius offers higher upside potential for risk-tolerant investors.
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