Ark Invest Buys $32.5M in SpaceX Shares After 16% Stock Decline

Ark Invest purchased 210,121 shares of SpaceX (SPCX) worth approximately $32.48 million across four exchange-traded funds on Monday. The purchase occurred on the same day SpaceX shares fell 16.43% to close at $154.60, erasing most gains since the stock's June 12 debut. Ark's move follows a pattern of adding exposure to high-growth technology names during volatility periods, treating SpaceX as a core innovation holding rather than a short-term IPO trade.

SpaceX Becomes Sixth-Largest Holding in ARKK ETF

SpaceX is now the sixth-largest holding in Ark's flagship ARKK fund, with a 4.46% weighting valued at about $313.7 million. The position sits behind Tesla, Robinhood, Tempus AI, Crispr Therapeutics, and Advanced Micro Devices. The company holds the fourth-largest position in ARKQ, the largest holding in ARKX, and the 10th-largest holding in ARKW. The allocation spreads SpaceX across Ark's innovation, robotics, internet, and space-defense themes.

SpaceX entered the Nasdaq with a valuation of roughly $1.77 trillion. The stock opened at $150 on June 12, climbed to $225.64 on June 16, then reversed as trading momentum cooled.

SpaceX Announces First Bond Sale to Repay Bridge Loan

SpaceX announced its first bond sale on Monday. The company did not disclose the size of the offering. According to the announcement, proceeds will be used to repay outstanding borrowings under its bridge loan facility in full, cover related expenses, and fund general corporate purposes.

Derivatives Trading Volume Drops 97% From June 16 Peak

A perpetual futures market tied to SPCX recorded $1.4 billion in volume on the first trading day. Daily volume peaked at $1.6 billion on June 16. By June 21, volume had fallen to $43.3 million. The decline in derivatives activity mirrors the equity price reversal following the initial post-IPO surge.

FAQ

What did Ark Invest buy on Monday?
Ark Invest purchased 210,121 shares of SpaceX (SPCX) worth approximately $32.48 million across four exchange-traded funds on Monday, according to the firm's trading disclosure.

Why did SpaceX stock fall on Monday?
SpaceX shares fell 16.43% to close at $154.60 on Monday, erasing most gains since the stock's June 12 debut at $150. The decline followed a peak of $225.64 on June 16 as trading momentum cooled.

How much is SpaceX worth in Ark's ARKK fund?
SpaceX is the sixth-largest holding in ARKK with a 4.46% weighting valued at about $313.7 million, sitting behind Tesla, Robinhood, Tempus AI, Crispr Therapeutics, and Advanced Micro Devices.