Cathie Wood’s ARK Invest adds another $57M to SpaceX, sells $39M stake in AMD
Cathie Wood's ARK Invest is aggressively increasing its position in SpaceX while trimming stakes in AMD and other holdings.
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The brief
ARK Invest has added a significant amount of SpaceX stock to its portfolio, with figures ranging from $18 million to $57 million across recent transactions. These purchases occur as SpaceX stock has fallen 45% from its post-IPO high.
Coverage from Seeking Alpha, Yahoo Finance, The Motley Fool, and others emphasizes these buys alongside the sale of a $39 million stake in AMD. Moomoo reports additional activity involving the backing of Prime Medicine and the sell-off of Shopify and AtaiBeckley.
Future activity may center on ARK's ongoing accumulation of SpaceX and specified defense names as noted by Investor's Business Daily.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 4h ago.
Quick answers
How much did ARK Invest add to its SpaceX position?
Reports vary by source, with Seeking Alpha citing $57 million, Yahoo Finance and The Motley Fool stating over $51 million, and Investor's Business Daily noting $18 million.
What other assets did Cathie Wood sell?
According to coverage, ARK Invest sold a $39 million stake in AMD and also sold off positions in Shopify and AtaiBeckley.
What is the current status of SpaceX stock performance?
The Motley Fool reports that SpaceX stock has plunged 45% from its post-IPO high.
Coverage (5)
- Tracking Cathie Wood: Backing Prime Medicine and SpaceX, Sells Off AtaiBeckley, Shopify Moomoo · 1d ago
- SpaceX (SPCX) Stock Has Plunged 45% From Its Post-IPO High, and Cathie Wood Recently Bought $51 Million of It The Motley Fool · 1d ago
- Cathie Wood's Ark Invest Bought Over $51 Million of SpaceX Stock Last Week Yahoo Finance · 1d ago
- Cathie Wood Adds $18 Million Worth Of SpaceX, These Defense Names Investor's Business Daily · 1d ago
- Cathie Wood’s ARK Invest adds another $57M to SpaceX, sells $39M stake in AMD Seeking Alpha · 1d ago
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