Ark Invest Buys $52.1 Million of SpaceX in Latest Weekly Trades
The move shows Ark is reallocating gains from trimmed legacy holdings into a bigger, conviction stake in SpaceX to back its long‑term valuation thesis.
Overview
- Ark purchased about $52.1 million of SpaceX shares across ARKK, ARKQ, ARKW and ARKX in the week ended July 10, according to its weekly trading disclosure.
- The firm spread the buys across four ETFs to manage position limits and keep any single holding near its roughly 10 percent per‑fund cap.
- Ark funded the purchases by trimming positions in semiconductors, streaming and genomics names, including cuts to AMD, Roku, Deere, Natera and Illumina.
- The July 10 buying continues a run of post‑IPO accumulation that began with roughly $444.3 million at SpaceX’s Nasdaq debut and a further dip buy of about $32.5 million in June.
- Cathie Wood’s team cites a long‑term growth case for SpaceX with multiyear enterprise‑value models, but the strategy raises exposure to post‑IPO volatility and to execution and valuation risk for investors and the funds that hold the stock.