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Ark Invest buys 3.3 million SpaceX shares after IPO raises about $85.7 billion

Ark Invest buys 3.3 million SpaceX shares after IPO raises about $85.7 billion

Cathie Wood’s ARK Innovation ETF made SpaceX a 3.28% holding after the stock closed at $160.95, up 19.2% from its $135 offering price, while underwriters exercised an option for 83.33 million extra shares.

Fact Check
Multiple sources, including two primary news outlets, corroborate every component of the claim. CoinDesk and PANews confirm Ark Invest purchased 3.3 million SpaceX shares on IPO day, making it a 3.28% ARKK holding. SpaceNews and PANews confirm the $160.95 close, up 19.2% from the $135 offering price. BlockBeats confirms the 83.33 million-share overallotment exercise and roughly $85.7 billion total raised. All elements are mutually consistent across sources.
Summary

Ark Invest bought nearly 3.3 million SpaceX shares worth more than $500 million on the company’s stock-market debut, making it a sizable new position in Cathie Wood’s ARK Innovation ETF. SpaceX ended its first trading session at $160.95, up 19.2% from its $135 offering price, and the purchase left the stock accounting for 3.28% of the flagship fund. Separately, SpaceX said underwriters exercised their option to buy an additional 83.33 million shares, lifting total IPO proceeds to about $85.7 billion, according to a June 15 report cited by Jin10. Ark’s purchase followed about $280 million of stock sales in the prior week and roughly 948,000 shares sold across 13 companies on listing day, indicating a portfolio reallocation to fund the new holding.

Terms & Concepts
  • ARK Innovation ETF: Ark Invest’s flagship exchange-traded fund.
  • initial public offering: A company’s first sale of shares to public investors.
  • underwriters: Banks or firms that arrange and help sell securities offerings, including optional additional share sales.