Ark Invest Increases SpaceX Stake as Shares Retreat from Peak

The latest acquisition brings Ark’s total exposure to significant levels, with SpaceX now commanding a 4.46% weighting in the flagship ARKK fund. This purchase follows a massive $444.3 million entry on June 12, the company's first day of public trading. Despite the stock retreating to $154.60 from an intraday peak of $225.64 reached on June 16, Wood remains bullish on the long-term trajectory. She recently touted the company’s decade-long lead over industry rivals and maintains internal projections that value the firm between $2.5 trillion and $3.1 trillion by 2030.

Beyond equity markets, SpaceX is shifting its capital structure by launching its first bond offering to address outstanding bridge loan obligations. This move coincides with elevated market activity, including substantial interest in derivative products linked to the firm's ticker. Ark’s strategy mirrors its recent approach to other high-growth assets, such as Coinbase and Bullish, where the firm consistently deployed capital during periods of price contraction to bolster its core positions.