Cathie Wood’s Ark Invest has increased its position in SpaceX, purchasing nearly $32.5 million worth of shares after the aerospace company’s stock lost more than 16% of its value from recent highs.
According to Ark’s daily trading disclosure on Monday, the investment firm acquired 210,121 SpaceX shares across four of its exchange-traded funds: ARK Innovation ETF (ARKK), ARK Autonomous Technology & Robotics ETF (ARKQ), ARK Next Generation Internet ETF (ARKW), and ARK Space Exploration & Innovation ETF (ARKX).
Here is every move Cathie Wood and Ark Invest made in the stock market today 6/22
Cathie Wood and Ark Invest bought 210,121 shares of SpaceX $SPCX stock today pic.twitter.com/VSg2LhMoPO
— Ark Invest Tracker (@ArkkDaily) June 23, 2026
The purchase was valued at approximately $32.48 million based on SpaceX’s closing price of $154.60.
Why is Ark buying the dip in SpaceX?
SpaceX shares have experienced significant volatility since their Nasdaq launch on June 12. The stock surged to an intraday high of $225.64 on June 16 before retreating sharply over the following days. By Monday’s close, the stock had fallen more than 16% from its peak, prompting Ark to add to its holdings.
The latest purchase follows a much larger investment made on the company’s first day of public trading. On June 12, Ark bought roughly 3.29 million SpaceX shares valued at about $444.3 million across the same ETFs.
Ark has long been one of SpaceX’s strongest supporters. Before the company went public, the firm already held exposure through its ARK Venture Fund, where SpaceX was one of the fund’s largest positions.
SpaceX becomes a major Ark Holding
The new purchase further builds SpaceX’s position across Ark’s investment products.
Recent fund disclosures show SpaceX accounts for about 4.46% of ARKK, representing roughly $313.7 million in assets. The stock is also among the largest holdings in ARKQ and ARKW, while ranking as the biggest position in ARKX.
Cathie Wood has repeatedly expressed confidence in the company’s future growth. Earlier this month, she said SpaceX maintains a substantial lead over competitors in the space sector. Ark’s internal forecasts estimate SpaceX could reach an enterprise value of $2.5 trillion by 2030, with a bull-case scenario projecting around $3.1 trillion.
Will this impact crypto markets?
While SpaceX is not a crypto company, its market launch has drawn attention from digital asset traders. On the day the stock began trading, Hyperliquid’s HIP-3 perpetual contract linked to SpaceX, trading under the SPCX ticker, generated roughly $1.4 billion in trading volume. The activity highlighted growing demand for crypto-native exposure to major public equities.
Last week, the firm purchased about $18.4 million worth of shares in Coinbase following a month-long decline in the crypto exchange’s stock. In May, Ark also added more than $4.4 million in shares of crypto exchange operator Bullish after an extended pullback.
Separately, SpaceX announced its first bond offering on Monday. The company said proceeds would be used to repay borrowings under an existing bridge loan facility and support general corporate operations.
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