ARK Buys Millions In Falling Space Names. SpaceX Preps Classified Mission.

Cathie Wood’s ARK Invest continued buying into weakness across its space and innovation holdings, adding SpaceX, Rocket Lab, Kratos Defense, Intuitive Machines, and Tesla shares as those stocks remained under pressure. The biggest purchases were SpaceX and Intuitive Machines, each worth about $12 million, while Tesla was also accumulated for about $12.4 million. The article also notes SpaceX is preparing a classified U.S. Space Force/NRO reconnaissance launch, the NROL-95 mission, targeted for Thursday with a Friday backup. Market-wise, the piece reinforces a risk-on but contrarian ARK stance: Wood is using drawdowns to build positions, while the underlying space names remain in downtrends, and Tesla has been sliding following its Q2 earnings report. The overall tone is cautious on the stocks’ price action even as ARK expresses long-term conviction.