ARK Invest snaps up $16.7M in SPCX shares, trims Deere exposure

ARK Invest reported notable portfolio shifts centered on SpaceX-related exposure. The firm bought 122,807 shares of Space Exploration Technologies Corp. (SPCX) worth $16.7 million across several ETFs, signaling continued conviction in aerospace/space technology. At the same time, it reduced risk in other areas by selling 6,833 shares of Deere & Co. for nearly $4 million and trimming Twist Bioscience and 10X Genomics positions. ARK also added to Beam Therapeutics and Kratos Defense, reinforcing selective bets in biotech and defense/space-related names. The trades suggest ARK is rotating capital toward higher-conviction innovation themes while cutting agricultural exposure. For the market, the headline is mainly flow-driven and sentiment-relevant rather than company-specific fundamentals, but it may support SPCX and similar theme exposure in the near term.