SpaceX IPO Rally Lifts Ark Invest’s New Stake Above $500M

TLDR

• Ark Invest purchased nearly 3.3 million SpaceX shares during the company’s first day of public trading.
• The investment firm built a SpaceX position worth more than $500 million by the market close.
• SpaceX shares rose more than 19% after pricing its IPO at $135 and closing at $160.95.
• The ARK Innovation ETF accounted for most of the SpaceX share purchases.
• Ark Invest sold other holdings before and during the IPO week to free up capital for the acquisition.

Ark Invest moved quickly into SpaceX after the aerospace company completed its public market debut. The investment firm acquired nearly 3.3 million shares and built a position worth more than $500 million by the market close. The purchase came as SpaceX posted a strong first trading session and gained more than 19%.

Ark Invest Builds Large SpaceX Position After Listing

SpaceX priced its initial public offering at $135 per share on Friday. The stock later closed at $160.95 and delivered a gain of more than 19.2%.

Ark Invest acquired nearly 3.3 million shares during the first trading day. As a result, the firm established a stake valued at above $500 million.

The ARK Innovation ETF carried most of the purchase activity. By the end of the session, SpaceX represented 3.28% of the fund’s portfolio.

The investment followed a series of portfolio adjustments by the firm. Ark Invest sold nearly $280 million worth of stocks during the week before the listing.

The company also reduced positions in several firms on Friday. Daily disclosures showed sales totaling about 948,000 shares across 13 companies.

Those transactions generated at least $48 million in proceeds. The companies included Advanced Micro Devices, Roku, and Baidu.

Ark Invest has maintained exposure to technology-focused growth companies for years. The SpaceX purchase added one of the market’s newest public companies to that strategy.

SpaceX IPO Draws Strong Demand on Opening Day

SpaceX completed the largest initial public offering ever recorded. The company attracted strong demand during its first session as a publicly traded firm.

The stock opened trading after the IPO, priced at $135 per share. Buyers continued accumulating shares throughout the session and pushed prices higher.

Ark Invest acted on the same day the company entered public markets. The purchase ranked among the firm’s largest single-day acquisitions this year.

Cathie Wood’s investment company has publicly supported disruptive technology businesses. SpaceX now joins several innovation-focused holdings across Ark Invest portfolios.

The firm operates multiple exchange-traded funds that target emerging industries. Those funds often hold companies involved in technology, artificial intelligence, and advanced infrastructure.

Ark Invest also manages a spot Bitcoin exchange-traded fund. The company has remained active across both technology and digital asset investment products.

ARK Valuation Model Projects Long-Term SpaceX Growth

Ark Invest has previously published valuation estimates for SpaceX. One internal model projects an enterprise value of $2.5 trillion by 2030.

The same research outlines a bull-case valuation near $3.1 trillion. Those estimates build on SpaceX’s reported $350 billion private valuation from 2024.

Cathie Wood has frequently discussed long-term growth opportunities in technology markets. Her firm has also issued long-term forecasts for Bitcoin.

The SpaceX purchase came as several technology companies pursued public listings. OpenAI and Anthropic have also filed to go public.

Friday’s acquisition placed SpaceX among Ark Invest’s largest holdings. The position exceeded $500 million based on the stock’s closing price of $160.95.

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