Key Takeaways
- ARK Invest acquired 3.29 million SpaceX shares valued at $444M during the company’s Nasdaq launch
- The SpaceX public offering generated $75 billion, establishing a new record for largest IPO ever
- The investment firm liquidated $39.3M in Advanced Micro Devices holdings spread across three ETFs simultaneously
- ARK reduced its Rocket Lab stake — a company identified by SpaceX as a key competitor in regulatory filings
- This strategic acquisition came after ARK divested positions in 20 different companies totaling $222.87M one day prior
On Friday, June 13, 2026, Cathie Wood’s ARK Invest executed a significant portfolio repositioning. The investment management firm acquired 3,291,184 shares of SpaceX distributed across four exchange-traded funds, coinciding with the aerospace company’s public market entry on the Nasdaq.
The aggregate value of this SpaceX acquisition reached $444,309,840. ARK distributed the holdings throughout the ARK Innovation ETF, ARK Autonomous Technology and Robotics ETF, ARK Next Generation Internet ETF, and ARK Space Exploration and Innovation ETF.
Space Exploration Technologies Corp., SPCX
Prior to this public market purchase, SpaceX represented ARK’s most substantial investment in its Venture Fund, comprising more than 11% of total net assets — surpassing both OpenAI and Anthropic.
ARK initially established its SpaceX position through the Venture Fund during late 2023, when the aerospace manufacturer maintained a valuation under $200 billion. The company currently commands a market capitalization of $2.11 trillion.
Historic Public Offering Shatters Previous Records
The SpaceX IPO secured $75 billion through the distribution of 555.6 million shares. This achievement establishes a new benchmark as the most substantial initial public offering in financial market history.
Within ARKX specifically, the SpaceX allocation immediately emerged as a premier holding, accounting for 6.89% of the fund’s total composition.
ARK has consistently endorsed SpaceX’s business approach. “The company’s ability to re-use rockets results in structurally lower launch costs than competitors that will prove difficult to match,” the investment firm articulated in its analytical framework.
Portfolio Rebalancing Targets Semiconductor and Space Sectors
To accommodate the substantial SpaceX investment, ARK executed divestments across numerous portfolio companies.
Concurrent with the SpaceX acquisition, ARK liquidated 80,536 shares of Advanced Micro Devices distributed among its ARKQ, ARKW, and ARKX funds. This semiconductor divestment generated proceeds of $39,337,809.
Additionally, ARK decreased its Rocket Lab exposure across ARKQ and ARKX portfolios. The combined sale reached $5,824,625.
The Rocket Lab divestment timing proved particularly noteworthy. SpaceX’s S-1 regulatory document explicitly identified Rocket Lab as a competitive threat, characterizing the company as expanding operations from small-payload launches toward medium-capacity missions.
The preceding trading day saw ARK divest stakes in 20 separate companies generating combined proceeds of $222.87 million. The most significant individual sale involved Teradyne at $76.6 million. Twist Bioscience, Iridium Communications, and Robinhood Markets also experienced reductions, collectively totaling $64.2 million.
Supplementary sales encompassed equity positions in Tesla, Baidu, Roku, CrowdStrike, Cloudflare, and Veracyte.
ARK disposed of 98,835 Roku shares generating $11,824,619 and offloaded 39,850 Tesla shares valued at $15,906,127.
This coordinated two-day liquidation campaign created portfolio capacity throughout ARK’s exchange-traded fund lineup for the SpaceX allocation, which now ranks among the firm’s most substantial publicly traded equity positions.
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