Key highlights:
- Ark Invest purchased 210,121 SpaceX shares worth about $32.5 million
- SpaceX stock fell 16% on Monday
- Cathie Wood believes SpaceX could be worth up to $3.1 trillion by 2030.
Cathie Wood’s Ark Invest is buying more SpaceX shares even after the stock saw a massive drop in value days after its impressive market debut.
Ark Invest’s latest trading disclosure showed that the firm bought 210,121 shares of SPCX on Monday across four of its exchange-traded funds. The new purchase was worth about $32.5 million based on SpaceX’s closing price of $154.60.
Here is every move Cathie Wood and Ark Invest made in the stock market today 6/22
Cathie Wood and Ark Invest bought 210,121 shares of SpaceX
The company went public on June 12 after raising $75 billion at a valuation of $1.75 trillion. This made it the largest IPO in history. A few days later, the stock surged to an all-time high of $225.64, pushing its market value above $2.7 trillion.
The selloff also impacted Elon Musk’s fortune. According to Forbes, his net worth fell by $150 billion in a single day. However, Musk still maintains his trillionaire status.
Meanwhile, Peter Schiff shared his playful thoughts on the crash. He stated that Elon Musk’s paper loss is equivalent to Warren Buffett’s entire net worth, so he doesn’t feel sorry for him.
$SPCX fell 16.5% today. On paper, @elonmusk lost about $150 billion, more than Warren Buffett’s entire net worth. However, he’s still the world’s only trillionaire, so don’t feel sorry for him.
— Peter Schiff (@PeterSchiff) June 22, 2026
Despite this, Ark Invest has taken the decline as a buying opportunity. The firm’s purchase is similar to previous moves of buying shares of companies when they fall. Last week, Ark bought about $18.4 million worth of Coinbase shares after a month-long decline.
Source:: Cathie Wood's Ark Invest Buys the SpaceX Dip, Adds $32.5M Shares After SPCX Stock Selloff