{"id":703035,"date":"2026-06-14T06:00:22","date_gmt":"2026-06-14T06:00:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/703035\/"},"modified":"2026-06-14T06:00:22","modified_gmt":"2026-06-14T06:00:22","slug":"cathie-wood-goes-all-in-on-spacex-debut-dumps-rocket-lab-stock-the-same-day","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/703035\/","title":{"rendered":"Cathie Wood Goes All-In On SpaceX Debut, Dumps Rocket Lab Stock The Same Day"},"content":{"rendered":"\n

ARK Invest purchased 3,291,184 shares of SpaceX on the stock’s Nasdaq debut day on Friday.<\/p>\n

The SpaceX IPO raised $75 billion from the sale of 555.6 million shares, making it the largest public market debut in history.<\/p>\n

Friday’s buying followed ARK’s offloading of shares in 20 companies worth roughly $222.87 million the day before.<\/p>\n

Cathie Wood’s ARK Invest bought aggressively into SpaceX (SPCX) on Friday, snapping up shares across four of its exchange-traded funds (ETFs) on the same day the company made its long-awaited Nasdaq (NDAQ) debut.<\/p>\n

According to ARK’s daily trade disclosures, the firm purchased a combined 3,291,184 shares of SpaceX across the ARK Innovation ETF (ARKK), ARK Autonomous Technology & Robotics ETF (ARKQ), ARK Next Generation Internet ETF (ARKW), and ARK Space Exploration & Innovation ETF (ARKX). The position was largest in ARKX, representing 6.89% of the fund and making it one of ARKX’s top holdings on day one.<\/p>\n

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Cathie Wood\u2019s firm held Elon Musk\u2019s SpaceX as the largest position in its ARK Venture Fund, where it represents over 11% of net assets, ahead of OpenAI (OPEAZZX) and Anthropic (ANTHZZX).<\/p>\n

SPCX\u2019s stock was up over 3% during after-hours trading. On Stocktwits, the retail sentiment around SPCX remained in the \u2018extremely bullish\u2019 zone, while chatter around it stayed in the \u2018extremely high\u2019 levels over the past day.<\/p>\n

The SpaceX IPO<\/a> on Friday raised $75 billion from the sale of 555.6 million shares, making it the largest public market debut in history.<\/p>\n

ARK Rotates Out Of Rocket Lab <\/p>\n

ARK’s SpaceX buy came alongside a notable sale. The firm trimmed its Rocket Lab (RKLB) position across both ARKQ and ARKX on the same trading day.<\/p>\n

In an S-1 filing from last month, SpaceX called Rocket Lab a competitor, describing it as a company that “operates in the small-lift launch market but is expanding into medium-lift payloads,\u201d making ARK’s decision to sell RKLB on the same day it loaded up on SPCX a pointed one.<\/p>\n

The relationship between Ark Invest and SpaceX goes back to late 2023, when ARK first entered SpaceX through its ARK Venture Fund at a valuation below $200 billion, a fraction of the $2.11 trillion market cap it commands today.<\/p>\n

\u201cBased on ARK\u2019s research, the company\u2019s ability to re-use rockets results in structurally lower launch costs than competitors that will prove difficult to match,\u201d wrote Ark Invest in its investment thesis.<\/p>\n

Making Room For SpaceX <\/p>\n

Friday’s purchases came after Cathie Wood’s ARK Invest offloaded<\/a> shares in 20 companies, selling roughly $222.87 million across its ETFs.<\/p>\n","protected":false},"excerpt":{"rendered":"ARK Invest purchased 3,291,184 shares of SpaceX on the stock’s Nasdaq debut day on Friday. The SpaceX IPO…\n","protected":false},"author":2,"featured_media":703036,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[219062,262291,187751,79,193,1513,252338],"class_list":["post-703035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-ark-autonomous-technology-robotics-etf","tag-ark-invest","tag-cathie-wood","tag-science","tag-space","tag-spacex","tag-spacex-ipo"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/703035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=703035"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/703035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/703036"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=703035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=703035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=703035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}