ARK Invest Spends $54.6 Million Buying SpaceX, Circle and Nvidia in One Day

Overview

• Ark disclosed roughly $54.6 million of purchases on August 5 that included about $19.7 million of SpaceX, $17.3 million of Circle and $17.6 million of Nvidia spread across multiple ARK ETFs.
• The firm allocated the SpaceX and Circle buys across ARKK, ARKQ, ARKW, ARKF and ARKX to manage per‑fund limits with specific share counts disclosed for each ETF.
• SpaceX reported $7.8 billion of Q2 revenue, heavy capital spending of roughly $18.4 billion with about $16 billion aimed at AI computing infrastructure, a narrowed net loss and the first insider lock‑up tranche due to expire on August 6.
• Circle posted $701 million of Q2 revenue, below Street estimates but with EPS that beat forecasts, reported USDC circulation up 19% to $73.3 billion and reaffirmed an Arc Layer‑1 mainnet launch planned for September 16 with founding validators including BlackRock, DTCC, Visa and Mastercard.
• ARK’s concentrated buying highlights a bet on AI chips, space growth and crypto rails but raises short‑term volatility and execution risks for its funds given post‑earnings price swings, revenue misses and SpaceX’s trading via private‑market platforms rather than a public exchange.