ARK Invest Adds 121,384 SpaceX Shares on Thursday as SPCX Rebounds From Record Lows

SPCX-6.63%

According to ARK Invest Tracker, Cathie Wood's ARK Invest purchased 121,384 shares of SpaceX (SPCX) across four of its exchange-traded funds on Thursday, July 23. The cumulative post-IPO investment in SpaceX now exceeds $475 million, with no shares sold from the public ETFs since the stock's Nasdaq debut on June 12.

SPCX rose 1.2% in pre-market trade following the purchase. The stock remains down nearly 30% from its IPO price and nearly 50% below its post-listing peak of roughly $226. ARK's valuation model estimates SpaceX could reach an enterprise value between $2.5 trillion and $3.1 trillion by 2030.

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