Cathie Wood Loads Up on SpaceX Shares While the Rest of Wall Street Yells "Bubble!" 🚀

Cathie Wood's ARK Invest purchased 130,241 shares of SpaceX on Monday, July 13, allocating the stake across three exchange-traded funds as the private aerospace company's traded shares extended a recent slide. The buy, disclosed in ARK's daily trading filings, was executed through the ARK Innovation ETF (ARKK), the ARK Autonomous Technology & Robotics ETF (ARKQ), and the ARK Next Generation Internet ETF (ARKW). Based on the $139.14 closing price that day, the purchase was valued at roughly $21.3 million.

The acquisition followed last week's larger accumulation, when ARK Invest bought approximately $52 million in SpaceX stock. The latest transactions come amid renewed warnings from market commentators that valuations tied to artificial intelligence have stretched into bubble territory, a debate that has spilled over into private market discussions around Musk-linked ventures.

SpaceX shares, trading under the ticker SPCX, fell 4.24% intraday on Monday, marking another leg down from recent highs. The price has now slipped below the $150 level reported as significant in prior technical coverage, with $145 acting as nearby resistance after previously functioning as support. The shares are approaching the reported IPO reference price of $135.

ARK has been steadily increasing its SpaceX exposure across multiple funds in 2025, viewing the private-market-listed stock as a long-term position tied to launch services, Starlink connectivity and eventual Mars-related infrastructure. The continued buying arrives even as broader AI-linked equities have faced periodic selloffs on concerns that capital expenditures into model training and compute capacity are outpacing near-term revenue returns.

The reported accumulation pattern places ARK among the most active institutional buyers of SpaceX secondary shares this quarter, with the firm's filings serving as one of the few public windows into private-company share movements.