Cathie Wood’s Ark Invest increased its SpaceX (SPCX) holdings across multiple exchange-traded funds.
The firm initially purchased 3.3 million shares during the SpaceX IPO on June 12. Ark added another 210,121 shares on June 22 following a price pullback from the initial surge.
The investment is distributed among the ARKK, ARKQ, ARKW, and ARKX funds. This move signals conviction in SpaceX's long-term potential in reusable rockets and satellite internet.
Wood’s strategy prioritizes doubling down on disruptive technology during periods of short-term market weakness.