SpaceX Stock Price Falls Below IPO Price, ARK Invest Increases Holdings by $18.3 Million

On July 19, ARK Invest purchased $18.3 million worth of SpaceX (SPCX.O) shares after the stock price fell below its IPO price. ARK Invest's four actively managed ETFs collectively bought 147,623 shares, with a closing price of $123.99 on that day, and a low of $122.12 during intraday trading. This purchase demonstrates ARK's commitment to increasing its holdings amid a declining stock price, rather than engaging in hedging operations, further expanding its already significant position. According to data, as of the week ending July 10, ARK had cumulatively invested approximately $52.1 million in related stocks through its ARKK, ARKQ, ARKW, and ARKX funds. Since SpaceX's listing in June, the total investment has exceeded $475 million, indicating that Cathie Wood's team views each dip as a buying opportunity.

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