Cathie Wood’s ARK buys $18.3M of SpaceX shares at post-IPO low and trims Robinhood stake
AI Market Summary
ARK Invest bought about $18.3M of SpaceX (SPCX) shares into a new post-IPO low, signaling high-conviction accumulation despite weakening demand since listing. The move coincided with a 5.43% daily drop after a Starship Flight 13 scrub tied to Raptor engine ignition failures, amplifying near-term headline risk. ARK simultaneously trimmed Robinhood, highlighting relative preference shifts within growth/innovation exposure.
Impact level
● Medium
Affected assets
NCSKSPCX2USD/USDT-0.33%
AI Insight · NCSKSPCX2USD/USDTAI Insight
● Neutral
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ARK Invest bought about 148,000 shares of SPCX worth $18.3 million as the stock hit a new post-IPO low, while also cutting its Robinhood position by more than 26,000 shares. The trades took place on July 17, the same day SpaceX called off the Starship Flight 13 launch shortly before liftoff after at least two Raptor engines on the Super Heavy booster failed to ignite. SPCX fell 5.43% to close at $123.99, about 35% below its $135 IPO price.
