Cathie Wood-led Ark Invest added the private company’s stock across four ETFs, while Destiny Tech100’s SpaceX-focused SPCX closed at $154.60 after a sharp selloff.
Ark Invest bought nearly $32.5 million worth of SpaceX shares across four of its ETFs on Monday. The move came as SPCX, a SpaceX-focused vehicle tied to investor access to the private company, plunged 16.4% to close at $154.60 the same day, wiping out most of its gains since its debut. The purchases underscore continued demand for exposure to SpaceX even as publicly traded proxies for that exposure turned volatile.