Michael Saylor · Starlink · SpaceX · Elon Musk · xAI · Bitcoin · Bitcoin.com News
Cathie Wood’s ARK Grabs 3.3M SpaceX Shares as Starlink Fuels Bull Case
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Cathie Wood’s ARK Invest moved quickly into SpaceX after Elon Musk’s space company began trading, buying nearly 3.3 million shares for three exchange-traded funds (ETFs).
Key facts
- ARK estimated SpaceX has lowered launch costs by about 95% since 2008, bringing costs below $1,000 per kilogram
- SpaceX also held 18,712 BTC as of March 31, with a fair value of about $1.29 billion
- SpaceX raised roughly $75 billion at a $1.75 trillion valuation in its June 12 Nasdaq debut, while reported demand reached about $250 billion, or about four times the shares available
- Friday’s sales included about 948,000 shares across 13 companies worth at least $48 million
Summary
ARK added nearly 3.3 million SpaceX shares across three ETFs after the Nasdaq debut. Starlink, Starship, and xAI anchor ARK’s investment thesis, while BTC adds a crypto-market angle. ARK’s case rests on lower launch costs, Starlink scale, and AI-related demand. Cathie Wood’s ARK Investment Management (ARK Invest) bought nearly 3.3 million shares of SpaceX (Nasdaq: SPCX) on Friday, Investor’s Business Daily reported.