Cathie Wood Drops $45M on SpaceX, Coinbase, Circle — The Ark Keeps Flooding 🚀

ARK Invest, the investment firm led by Cathie Wood, expanded its exposure to SpaceX, Coinbase and Circle with combined purchases valued at roughly $45.4 million, according to the firm's latest disclosure. The transactions were followed by sharp gains across all three names during the trading session.

Space Exploration Technologies Corp. (NASDAQ: SPCX) rose 15.83% to $133.11 after ARK added 114,815 shares worth $15.28 million at the closing price. The move came as SpaceX reported Q2 revenue of $7.81 billion, exceeding Wall Street estimates of $6.9 billion and marking a 92% increase from $4.1 billion in Q2 2025. Argus subsequently upgraded the stock from "Hold" to "Buy" with a $160 target, while Morgan Stanley restated a $300 guidance.

Coinbase Global Inc. (NASDAQ: COIN) climbed 5.63% to $153.60 following the ARK purchase. Circle Internet Group Inc. (NYSE: CRCL) gained 5.36% to $66.67 in the same session. ARK did not immediately publish additional commentary on the rationale behind the fresh allocation across the three crypto- and AI-adjacent names.

The disclosures were reported earlier by CoinGape. No further transaction details were immediately available beyond the figures filed in the ARK Invest portfolio update.