Ark Invest Adds $80 Million to SpaceX Amid Stock Pullback
Cathie Wood increased Ark Invest's stake in SpaceX by $80 million as Elon Musk warned short sellers against betting against the company.
ARK Invest CEO Cathie Wood allocated $80 million to increase her firm's investment in SpaceX on July 22, 2026. Wood described the aerospace company as potentially the "most important company in history," citing its control of 70% of orbiting satellites, its first-mover advantage in reusable rockets, and its potential to operate orbital data centers as an AI holding company.
This investment follows a significant stock pullback, with reports indicating a decline of 38% to 47% from the company's peak. SpaceX also faces an upcoming share unlock valued at $116 billion.
In response to the market volatility, SpaceX founder Elon Musk warned investors via the platform X that firms maintaining significant short positions in the company have a very low probability of survival.
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