ARK Invest Buys $54.5M SpaceX Shares as Cathie Wood Rotates Portfolio

On July 13, 2026, ARK Invest disclosed purchasing 348,725 SpaceX shares for $54.5 million during the prior week, making it the fund's largest buy amid a broad portfolio reshuffle. The trades also added $25.8 million of Eli Lilly and $20.7 million of Meta while trimming $33.8 million of AMD and $22.3 million of Roku. SpaceX, now 4.4% of ARKK and 8.3% of ARKX, fell more than 3% on Monday and traded within 2% of its $135 IPO price, signaling continued institutional conviction in innovation themes ahead of Q2 earnings.