ARK Invest Pours $32.5M Into SpaceX (SPCX) Stock During Sharp Selloff

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Key Takeaways

ARK Invest acquired 210,121 shares of SpaceX valued at $32.5 million distributed across four ETFs on June 22
SpaceX’s stock price has tumbled 23% during a three-day period, erasing more than $600 billion in total market capitalization
ARK has been liquidating its Roku holdings following Fox’s announcement to acquire the streaming platform
The firm offloaded 163,192 Roku shares valued at approximately $22.1 million through three different funds
Cathie Wood projects that orbital data centers could multiply SpaceX’s revenue potential by 10 to 20 times

Cathie Wood’s ARK Invest made a substantial move on June 22, acquiring 210,121 shares of SpaceX for approximately $32.5 million. The investment was distributed among four exchange-traded funds: ARK Innovation, ARK Autonomous Technology & Robotics, ARK Next Generation Internet, and ARK Space & Defense Innovation.

SPCX Stock Card
Space Exploration Technologies Corp., SPCX

This strategic purchase followed a brutal Monday session where SpaceX shares plummeted 16.4%. The aerospace company’s stock has experienced a cumulative decline of 23% across three consecutive trading sessions following its initial public offering.

The dramatic three-day selloff eliminated over $600 billion from SpaceX’s market capitalization. Despite this substantial loss, the company maintains a market valuation exceeding $2 trillion, securing its position as the world’s seventh-largest company by market cap.

ARK’s SpaceX investment strategy began on June 12, when the firm purchased 3.29 million shares distributed across the identical four funds immediately following the company’s historic IPO. Monday’s transaction represents an expansion of that existing stake.

Cathie Wood has identified orbital data centers as a critical growth driver behind her bullish stance. According to ARK’s preliminary analysis, this emerging business segment has the potential to expand SpaceX’s revenue generation by 10 to 20 times beyond existing forecasts.

SpaceX experienced an additional 3.7% decline during Tuesday’s premarket session, signaling a potential fourth consecutive day of downward momentum.

ARK Systematically Reduces Roku Holdings

Simultaneously, ARK Invest liquidated 163,192 Roku shares distributed across three funds — ARK Blockchain & Fintech Innovation, ARK Innovation, and ARK Next Generation Internet. Based on Roku’s closing price of $135.20, the transaction totaled approximately $22.1 million.

Roku’s stock declined 2.08% during Monday’s session. The streaming technology company recently unveiled a strategic collaboration with Fox, designed to integrate Fox’s sports programming, news coverage, and entertainment content into the Roku ecosystem.

ARK initiated its Roku exit strategy last week immediately after Fox’s acquisition announcement became public. The investment firm has since liquidated millions of dollars in Roku holdings through multiple trading sessions.

Beyond SpaceX and Roku, ARK executed additional portfolio adjustments Monday. The firm purchased 489,584 shares of Roblox spread across three funds, divested 104,491 shares of Strata Critical Medical, and sold 20,284 shares of Twist Bioscience.

SpaceX closed Monday’s trading session at $154.60 per share, significantly below its IPO debut levels. ARK’s expanded SpaceX position signals a clear conviction that the current price decline represents a strategic entry point rather than the beginning of a prolonged downturn.

Market participants will closely monitor whether SpaceX can find support and stabilize following four consecutive sessions of intense selling pressure.

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