Particle.news
Download on the App Store

ARK Invest Buys $32.5M of SpaceX Stock During Post‑IPO Selloff

The purchase reflects ARK’s long‑term conviction in SpaceX’s growth potential through orbital data centers.

Overview

  • ARK bought 210,121 shares of SpaceX on June 22, a trade valued at about $32.5 million that was split across ARKK, ARKQ, ARKW and ARKX.
  • The June 22 purchase builds on ARK’s June 12 entry of roughly 3.29 million shares and comes after a roughly 23%, three‑day drop that eliminated more than $600 billion of market value.
  • After the latest buy, SpaceX accounts for about 4.46% of ARKK (roughly $313.7 million) and ranks as a top holding in ARKQ, ARKX and ARKW.
  • At the same time ARK sold 163,192 Roku shares worth about $22.1 million as it reduced exposure following Fox’s takeover developments.
  • SpaceX announced its first bond offering to repay bridge‑loan borrowings and for general corporate purposes, and the stock still trades above a $2 trillion market value which keeps liquidity and volatility risks in focus.