Ark Invest has recently increased its holdings in SpaceX by approximately $52.1 million during the week ending July 10, 2026. This marks a significant uptick in purchasing activity as the stock price approaches its IPO level.
SpaceX shares debuted on Nasdaq on June 12, 2026, at a price of $150, briefly elevating Elon Musk to the status of the world's first trillionaire. However, the stock has since decreased by approximately 7%, closing near its IPO price of $135. On July 7 and 10, the stock saw declines of 4.51% and 4.24%, respectively.
The $52.1 million investment was distributed across Ark's four actively managed ETFs: ARKK, ARKQ, ARKW, and ARKX. This distribution reflects Ark's belief in SpaceX's relevance to various investment themes, including innovation and space exploration. Prior to the IPO, SpaceX was already a significant holding in Ark's ARK Venture Fund.
Cathie Wood, the CEO of Ark Invest, has projected that SpaceX's enterprise value could reach between $2.5 trillion and $3.1 trillion by 2030. This optimistic outlook coincides with Ark's strategic portfolio adjustments, including reductions in positions in companies like AMD and Roku as they prepare for the upcoming Q2 earnings season.
In a prior move, Ark purchased $32.5 million in SpaceX shares following a 16% drop from its post-IPO high. This pattern suggests a strategy of capitalizing on price corrections, allowing Ark to maintain its investment conviction while adhering to its internal policy of capping any single holding at 10% of a portfolio. As market conditions fluctuate, periodic rebalancing is critical to align with target allocations.
This material is for informational purposes only and does not constitute financial advice.
