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2026-07-19 02:04:13
[SpaceX Shares Fall Below IPO Price, Cathie Wood Makes a Buying Move] According to transaction information disclosed by ARK Invest, an investment management company owned by Cathie Wood, on July 17, after SpaceX (SPCX.O) shares fell below their IPO price last Friday, ARK Invest spent $18.3 million to buy shares in the company. This included 147,623 shares purchased by four actively managed ETFs under ARK. The stock closed at $123.99 that day, having dipped as low as $122.12 during the session. This purchase appears to be a firm addition to the position during a downward price trend, rather than a hedging operation, as it further increases ARK's already substantial position. According to data tracking ARK's holdings, in the week ending July 10th, the company purchased approximately $52.1 million worth of SpaceX-related stock through its four funds: ARKK, ARKQ, ARKW, and ARKX. Including this recent purchase, ARK's total investment since SpaceX's IPO in June has exceeded $475 million. This clearly demonstrates that Cathie Wood's investment team consistently views every stock price dip as an opportune moment to increase their holdings, rather than a negative signal to be wary of.
