Key Highlights
- ARK Invest purchased 3.29 million SpaceX shares valued at $444M during the company’s Nasdaq debut
- The SpaceX public offering generated $75 billion, setting a new record as history’s biggest IPO
- Cathie Wood’s firm liquidated $39.3M worth of Advanced Micro Devices stock across three ETFs that same trading day
- ARK reduced holdings in Rocket Lab — a company SpaceX specifically identified as a rival in its S-1 regulatory filing
- The acquisition came after ARK disposed of stakes in 20 different companies totaling $222.87M one day prior
Cathie Wood’s investment management company, ARK Invest, executed a major portfolio shift on Friday, June 13, 2026. The firm acquired 3,291,184 shares of SpaceX distributed across four exchange-traded funds precisely when the aerospace company launched its Nasdaq trading debut.
The aggregate value of ARK’s SpaceX acquisition reached $444,309,840. This substantial investment was distributed among the ARK Innovation ETF, ARK Autonomous Technology and Robotics ETF, ARK Next Generation Internet ETF, and ARK Space Exploration and Innovation ETF.
Space Exploration Technologies Corp., SPCX
SpaceX had already established itself as ARK’s dominant holding within its Venture Fund, commanding more than 11% of net assets — surpassing both OpenAI and Anthropic.
ARK’s initial SpaceX investment through its Venture Fund occurred in late 2023, at a time when the aerospace manufacturer was valued under $200 billion. The company’s current market capitalization stands at $2.11 trillion.
Historic Public Offering Shatters Previous Records
The SpaceX IPO generated $75 billion through the offering of 555.6 million shares. This achievement establishes it as the most substantial public market entrance ever recorded.
Within ARKX, the SpaceX stake immediately emerged as a leading holding, accounting for 6.89% of the fund’s total assets.
ARK has consistently supported SpaceX’s business approach. “The company’s ability to re-use rockets results in structurally lower launch costs than competitors that will prove difficult to match,” the investment firm stated in its rationale.
Advanced Micro Devices and Rocket Lab Face ARK Exit
To accommodate the SpaceX investment, ARK liquidated positions across numerous portfolio companies.
Coinciding with the SpaceX acquisition, ARK disposed of 80,536 shares of Advanced Micro Devices spread across its ARKQ, ARKW, and ARKX ETFs. The combined sale generated $39,337,809.
ARK additionally reduced its Rocket Lab stake across ARKQ and ARKX. This divestment amounted to $5,824,625.
The Rocket Lab sale’s timing proved particularly noteworthy. SpaceX’s S-1 regulatory document explicitly identified Rocket Lab as a direct rival, characterizing it as an enterprise expanding its capabilities from small-lift to medium-lift payload operations.
The preceding trading day saw ARK divest stakes in 20 separate companies, generating $222.87 million total. Teradyne represented the largest single sale at $76.6 million. Twist Bioscience, Iridium Communications, and Robinhood Markets also experienced reductions, collectively totaling $64.2 million.
Additional disposals encompassed shares of Tesla, Baidu, Roku, CrowdStrike, Cloudflare, and Veracyte.
ARK sold 98,835 Roku shares for $11,824,619 and offloaded 39,850 Tesla shares valued at $15,906,127.
The consecutive two-day liquidation campaign opened portfolio capacity throughout ARK’s ETF lineup for the SpaceX stake, which now ranks among the firm’s most substantial publicly-traded equity holdings.
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