Cathie Wood Is Buying the SpaceX Dip — Here’s How Much ARK Just Spent

TLDR

• ARK Invest bought 210,121 SpaceX shares worth $32.5 million across four ETFs on June 22
• SpaceX stock has dropped 23% over three days, wiping out over $600 billion in market value
• ARK has been selling Roku shares since Fox announced its acquisition of the company
• ARK sold 163,192 Roku shares worth approximately $22.1 million across three funds
• Cathie Wood believes orbital data centers could increase SpaceX’s revenue potential by 10 to 20 times

Cathie Wood’s ARK Invest bought 210,121 SpaceX shares on June 22, totaling around $32.5 million. The purchase was spread across four ETFs: ARK Innovation, ARK Autonomous Technology & Robotics, ARK Next Generation Internet, and ARK Space & Defense Innovation.

Space Exploration Technologies Corp., SPCX

The buying came after SpaceX fell 16.4% on Monday alone. The stock has now declined 23% over three consecutive days since its IPO debut.

That three-day slide wiped out more than $600 billion in market value. SpaceX still holds a market cap above $2 trillion, making it the seventh most valuable company in the world.

ARK first moved into SpaceX on June 12, buying 3.29 million shares across the same four funds right after the company’s record-breaking IPO. Monday’s purchase builds on that initial position.

Cathie Wood has pointed to orbital data centers as a key reason for her confidence. ARK’s early research suggests this segment could grow SpaceX’s revenue potential by 10 to 20 times beyond current projections.

SpaceX fell a further 3.7% in premarket trading on Tuesday, putting it on track for a fourth straight day of declines.

ARK Continues to Exit Its Roku Position

At the same time, ARK Invest sold 163,192 Roku shares across three funds — ARK Blockchain & Fintech Innovation, ARK Innovation, and ARK Next Generation Internet. The shares were valued at roughly $22.1 million based on Roku’s closing price of $135.20.

Roku’s stock dropped 2.08% on Monday. The company recently announced a strategic partnership with Fox, which is set to bring Fox’s sports, news, and entertainment content onto the Roku platform.

ARK began selling Roku shares last week after news broke that Fox was acquiring the company. The firm has now dumped millions of dollars worth of stock across multiple trading days.

ARK also made other trades on Monday. The firm bought 489,584 shares of Roblox across three funds, sold 104,491 shares of Strata Critical Medical, and sold 20,284 shares of Twist Bioscience.

SpaceX’s stock price sat at $154.60 at Monday’s close, down from its IPO debut highs. ARK’s total SpaceX position now reflects a strong bet that the current dip is a buying opportunity rather than the start of a longer decline.

The coming days will show whether SpaceX can stabilize after four straight sessions of selling pressure.

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