SpaceX Stock: Cathie Wood Bought More SPCX As It Dived 16%

Cathie Wood’s ARK Invest bought more SpaceX shares after the stock fell more than 16%, treating the pullback as a buying opportunity rather than a warning sign. ARK purchased 210,121 shares across four ETFs, worth at least $32.4 million, with ARKK alone adding 131,837 shares. The move underscores ARK’s continued conviction in SpaceX and Elon Musk-related assets even after a sharp post-IPO reversal. SpaceX had surged as much as 67% above its $135 IPO price in the first three trading days, then dropped over 30% across the next three sessions to close at 154.60 Tuesday. The article also notes ARK’s ongoing exposure to other Musk-linked names, including Tesla, and its concurrent trades in Roblox and Roku.