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Ark Invest purchased $500 million worth of SpaceX shares on its first day of listing and adjusted its portfolio

Ark Invest purchased $500 million worth of SpaceX shares on its first day of listing and adjusted its portfolio

AiCoinAiCoin2026/06/15 08:39
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According to CoinDesk, Ark Invest, headed by Cathie Wood, purchased approximately 3.3 million shares of SpaceX stock on its first day of listing, valued at over $500 million. The closing price that day was $160.95, marking a 19.2% increase from the issue price of $135. Ark Invest sold nearly $280 million worth of other company stocks the week prior to the listing, and sold about 948,000 shares from 13 companies including AMD, Roku, and Baidu on the listing day. ARK Innovation ETF was the main buyer, with SpaceX accounting for 3.28% of its investment portfolio. Ark Invest’s corporate valuation target for SpaceX in 2030 is $2.5 trillion, and under optimistic scenarios, about $3.1 trillion.
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