ARK Invest Buys $21M in SpaceX Stock, Capitalizing on 45% Plunge

Cathie Wood’s ARK Invest purchased between $20.45 million and $21.3 million of SpaceX stock on July 27, 2026. The firm distributed the investment across several funds, including the flagship ARK Innovation ETF (ARKK).

This move follows a 45% decline in SpaceX shares from their post-IPO peak. The acquisition reflects Wood’s strategy of doubling down on innovative companies during volatile downturns.

SpaceX stock (SPCXB) rose 7.10% to $128.37 following the disclosure of the purchase.