- Cathie Wood’s ARK Invest purchased $32.5 million worth of SpaceX shares after the stock dropped more than 16%.
- SpaceX has become one of the largest holdings across several ARK ETFs.
- Despite recent volatility, ARK continues betting heavily on Elon Musk’s long-term vision for the company.
Cathie Wood is once again buying the dip. ARK Invest significantly increased its exposure to SpaceX after the company’s stock suffered one of its largest declines since its historic IPO, reinforcing Wood’s conviction that Elon Musk’s aerospace giant remains one of the most attractive long-term growth opportunities in the market.
The latest purchases came as SpaceX shares faced selling pressure following a combination of profit-taking, analyst caution, and broader market volatility.
ARK Invest Adds More Than 210,000 SpaceX Shares
According to the latest disclosures, ARK Invest acquired 210,121 shares of SpaceX worth approximately $32.5 million across several of its flagship exchange-traded funds.
The largest purchase came through the ARK Innovation ETF (ARKK), which added 131,837 shares. Additional purchases were made through the ARK Autonomous Technology & Robotics ETF (ARKQ), ARK Next Generation Internet ETF (ARKW), and ARK Space Exploration & Innovation ETF (ARKX).
Following the latest acquisition, SpaceX now ranks among the top holdings across multiple ARK portfolios.
The move highlights ARK’s willingness to aggressively accumulate shares during periods of weakness rather than chase momentum after rallies.
SpaceX Stock Faces Post-IPO Volatility
The purchases arrived shortly after SpaceX experienced a sharp correction. Shares fell more than 16% in a single session, dropping from roughly $177 to an intraday low near $154.
The decline followed a neutral rating from investment bank KeyBanc and broader concerns that SpaceX’s valuation may already reflect much of its future growth potential.
Profit-taking also played a role as early investors locked in gains following the company’s extraordinary post-IPO surge.
Even after the pullback, however, SpaceX remains one of the most valuable publicly traded companies in the world.
Cathie Wood Remains Bullish on Elon Musk
Wood’s latest purchase is consistent with her long-standing support for Elon Musk and his businesses.
ARK was already among the most aggressive buyers during SpaceX’s IPO, reportedly acquiring more than 3.3 million shares worth over $500 million. The newest purchase further increases that exposure and signals continued confidence in the company’s long-term trajectory.
Wood has previously suggested that SpaceX could eventually reach a valuation of $2.5 trillion by 2030, reflecting her belief that the company is positioned to dominate multiple high-growth industries.
That optimism aligns closely with Musk’s own ambitions for SpaceX.
SpaceX Continues Expanding Beyond Rockets
Investor enthusiasm around SpaceX extends far beyond its launch business.
The company is aggressively expanding Starlink, investing heavily in artificial intelligence infrastructure, developing Starship, and pursuing new opportunities tied to data centers and advanced computing.
Recent announcements have further strengthened the growth narrative. SpaceX recently secured a major AI computing agreement reportedly worth up to $6.3 billion and continues integrating new technologies into its broader ecosystem.
These initiatives are helping investors view SpaceX as both a space company and a next-generation technology platform.
Why Investors Are Watching Closely
While recent volatility has sparked debate about valuation, many long-term investors remain focused on SpaceX’s future earnings potential rather than short-term stock fluctuations.
Supporters argue that the company has multiple trillion-dollar opportunities ahead through space infrastructure, satellite communications, artificial intelligence, and advanced manufacturing.
Critics counter that expectations may have become too optimistic and that execution risks remain significant.
For Cathie Wood, however, the recent selloff appears to have created an opportunity rather than a warning sign. By increasing her position during a period of weakness, she is effectively signaling that ARK expects SpaceX’s long-term growth story to remain intact despite short-term market turbulence.
