SpaceX · Ark Invest · Pentagon · Tesla · The Block
Ark Invest picks up $32 million worth of SpaceX shares as stock plunges 16%
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Cathie Wood-led investment firm Ark Invest bought nearly $32.5 million worth of SpaceX shares across its four ETFs on Monday, as the stock plunged over 16%.
Key facts
- SPCX fell 16.43% to close at $154.60 on Monday, erasing most of the gains recorded since its June 12 debut
- Ark's disclosure showed that SpaceX became ARKK's sixth-largest holding, with a 4.46% weighting, or $313.7 million, behind Tesla, Robinhood, Tempus AI, Crispr Therapeutics, and Advanced Micro Devices
- Cathie Wood-led investment firm Ark Invest bought nearly $32.5 million worth of SpaceX shares across its four ETFs on Monday, as the stock plunged over 16%
- Ark Invest's Monday trading disclosure shows that the firm purchased 210,121 shares of SPCX for its Innovation (ARKK), Autonomous Technology and Robotics (ARKQ), Next Generation Internet (ARKW)
Summary
Ark Invest's Monday trading disclosure shows that the firm purchased 210,121 shares of SPCX for its Innovation (ARKK), Autonomous Technology and Robotics (ARKQ), Next Generation Internet (ARKW), and Space and Defense Innovation (ARKX) ETFs. SPCX fell 16.43% to close at $154.60 on Monday, erasing most of the gains recorded since its June 12 debut. Ark's disclosure showed that SpaceX became ARKK's sixth-largest holding, with a 4.46% weighting, or $313.7 million, behind Tesla, Robinhood, Tempus AI, Crispr Therapeutics, and Advanced Micro Devices.