Wood Buys The Rocket: ARK Dumps Everything Else For $530M SpaceX Stake 🚀

Cathie Wood's ARK Invest acquired approximately $530 million in SpaceX shares during the company's public market debut, making the Elon Musk-led aerospace firm the sole "buy" across its exchange-traded funds on Friday, June 12. All other stock movements in ARK's portfolios on that day were sells, according to a recent trading disclosure.

SpaceX shares closed at $160.95 on June 12, a gain of more than 19% over the initial offering price of $135 per share. ARK's holdings were spread across its four ETFs: ARKK, ARKW, ARKQ, and ARKX, with SPCX as the only purchase across the lineup.

The ARKK Innovation ETF led the allocation, buying 1,690,839 SPCX shares valued at roughly $272.2 million, giving the position a 3.2789% weight within the fund. The ARK Autonomous Technology & Robotics ETF purchased 736,442 shares worth about $118.5 million, representing 4.5423% of its holdings. The ARK Next Generation Internet ETF acquired 325,562 shares valued at around $52.4 million, while the ARK Space Exploration & Innovation ETF added 538,341 shares to its portfolio.

The combined stake across the four funds totaled more than $529 million at the closing price, marking one of ARK's largest single-issuer purchases in recent disclosure records. The trades highlight ARK's continued willingness to concentrate positions in high-profile private-to-public transitions while trimming exposure elsewhere in its equity lineup.