Ark Invest Expands SpaceX Stake After Stock Decline

TLDR

• Ark Invest purchased about $12.2 million worth of SpaceX shares across several actively managed ETFs.
• The investment firm acquired 105,108 SpaceX shares as the stock traded below its recent levels.
• Ark Invest sold roughly $4 million in Robinhood shares during the same trading session.
• The company also trimmed about $2.3 million in Block shares and $1.6 million in Bullish shares.
• Smaller purchases included shares in Bitmine and the 3iQ Solana Staking ETF.

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Ark Invest bought $12.2 million of SpaceX shares on Tuesday while reducing positions in three finance and crypto-linked companies. The Cathie Wood-led firm purchased 105,108 SpaceX shares across several exchange-traded funds, according to its daily trade disclosure.

SpaceX shares gained 2.56% during the session and closed at $116.41. The stock has still fallen 29% over the past month, creating another lower-price entry for the investment manager.

Ark Invest Expands Its SpaceX Position

The purchase continued recent buying activity by Ark Invest after SpaceX entered public markets in June. The firm has added shares during several price declines as it builds exposure across its actively managed funds.

SpaceX operates launch services, the Starlink satellite network, and other space technology businesses. Ark has previously linked its long-term SpaceX outlook to satellite internet demand, lower launch costs, and new commercial uses for orbital infrastructure.

Block, Bullish and Robinhood Positions Decline

Ark Invest sold about $2.3 million of Block shares during Tuesday’s session. Block gained 2.29% and closed at $83.10, but the fund manager reduced the position as part of its portfolio adjustments.

The company also sold roughly $1.6 million of Bullish shares and $4 million of Robinhood shares. Bullish slipped 0.48% to $22.69, while Robinhood fell 3% and finished at $92.76.

Smaller Digital Asset Purchases Continue

Alongside the SpaceX purchase, Ark Invest added about $289,167 of Bitmine shares. It also bought nearly $32,667 of the 3iQ Solana Staking ETF, keeping limited exposure to other digital asset investments.

Ark regularly changes its ETF holdings when share prices or portfolio weights move. The firm generally seeks to prevent a single company from exceeding 10% of a fund’s total assets.

The latest trades show a shift toward SpaceX while Ark lowers exposure to selected financial technology companies. The changes do not mean the firm has exited Block, Bullish, or Robinhood, since each remains subject to future daily rebalancing.

Tuesday’s activity also followed earlier SpaceX purchases made during recent weakness. Ark’s approach has involved buying preferred companies after sharp declines while trimming holdings that have reached higher portfolio weights.

The allocation shows how Ark balances growth-focused technology exposure with active portfolio controls. Daily trade notices give investors a record of these changes, although they do not explain every reason behind each transaction.