Key highlights: Ark Invest added $14.5 million worth of SpaceX The firm sold multiple crypto shares to fund the purchase The latest trades follow a similar portfolio rebalance just yesterday An ARK researcher said the crypto industry could see more shutdowns Cathie Wood’s Ark Invest bought $14.5 million worth of SpaceX shares on Wednesday after […]
Tag: SPCX
Key highlights: SpaceX (SPCX) has fallen about 26% over the past month as selling pressure intensifies across aerospace equities. The decline mirrors a broader unwind in new-space stocks, many of which have surrendered much of their 2026 gains. SPCX has significantly underperformed the Procure Space ETF (UFO), highlighting weaker investor sentiment toward higher-growth space companies. […]
Key highlights: Ark Invest made fresh Tesla stock purchases across its four ETFs. This came right after TSLA dropped by 14% amid its disappointing quarterly earnings. Elon Musk said recently that a Tesla-SpaceX merger is possible in the future. Ark Invest has shown confidence in another Elon Musk company, but this time not SpaceX. The […]