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SpaceX’s Recent Activity and Ark Invest’s Acquisitions
Just over a month since SpaceX (SPCX) listed on the Nasdaq, Ark Invest, led by Cathie Wood, has been steadily increasing its holdings in the company without selling shares.
Ark Invest’s Recent Purchases
- Recent Buys: Ark Invest purchased a total of 342,013 shares of SpaceX valued at approximately $51 million over the last week.
- Tuesday: 44,196 shares for about $6.6 million.
- Wednesday: 181,847 shares for around $27 million.
- Friday: 116,971 shares for about $17.8 million.
These shares are distributed across multiple Ark ETFs, including:
- Ark Innovation ETF (ARKK): 220,715 shares
- Ark Autonomous Tech & Robotics ETF (ARKQ): 70,531 shares
- Ark Next Generation Internet ETF (ARKW): 28,763 shares
- Ark Space & Defense Innovation ETF (ARKX): 23,005 shares
Long-Term Investment Perspective
Ark Invest has been a long-time supporter of SpaceX, accumulating shares even before its IPO through the Ark Venture Fund, which focuses on pre-IPO investments.
Current Holdings Summary
Post recent purchases, SpaceX holdings in Ark’s non-Venture ETFs include:
- Ark Innovation: 1,946,984 shares valued at $296 million
- Ark Autonomous Tech & Robotics: 836,475 shares valued at $127 million
- Ark Space Exploration & Innovation: 481,706 shares valued at $73 million
- Ark Next Generation Internet: 366,817 shares valued at $56 million
Why Ark Invest Likes SpaceX
SpaceX operates across four major sectors: space exploration, AI technology, satellite communications, and social media (X). While its Starlink connectivity unit reported an operating profit of $4.4 billion last year, the AI sector faced a significant loss of nearly $6.4 billion. Observers note that the mixed performance of these businesses may present risks for investors.
This summary encapsulates the key points of the article regarding SpaceX’s market activity and Ark Invest’s strategies.
