Ark Invest Shifts Assets Into SpaceX Following Public Debut

Ark Invest aggressively increased its position in Space Exploration Technologies Corp. (SpaceX) on July 7 and 8, 2026. The investment firm purchased 44,196 shares in the ARK Innovation ETF for approximately $6.6 million on Tuesday, following a larger acquisition of 917,000 shares on Monday. Founder Cathie Wood distributed an additional $7 million in investments across the ARK Innovation, Next Generation Internet, and Fintech Innovation ETFs.

To finance these purchases, Ark Invest reduced its exposure to other technology firms. The firm sold more than 570,000 shares of Alibaba Group, reflecting a strategic move to pivot away from China-based stocks. Additionally, Ark sold 8,667 shares of Advanced Micro Devices (AMD) on Tuesday for nearly $4.5 million, following an $8.6 million sale on Monday.

Market interest in SpaceX is driven by a "30% rule" in its IPO agreement, which could unlock 456 million shares for sale on August 7 if the stock price meets specific closing targets. Wood projects SpaceX could reach an enterprise value of $3.1 trillion by 2030, valuing the Starlink internet service alone at $2 trillion. A Raymond James analyst issued a strong buy rating with an $800 price target, citing the Starship spacecraft's ability to reduce orbital transport costs.