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Ark Invest buys $52.1 million of SpaceX and adds Block holdings

Ark Invest buys $52.1 million of SpaceX and adds Block holdings

Cathie Wood’s firm continued buying SpaceX as the shares slipped again, while also trimming Robinhood in its latest disclosed trading.

Fact Check
The crypto.news article directly corroborates the ~$52.1M SpaceX purchase across four ETFs in the week ended July 10 and the trimming of AMD and genomics stocks. Phemex, PANews and Odaily independently corroborate the 153,249 SpaceX shares (~$21.32M) and the ~$5.63M / 71,618-share Block purchase, all tracing back to the @ArkkDaily disclosure. All primary numeric elements of the claim are consistently reported. The only minor inconsistency is the attributed date of the single-day 153,249-share buy (July 13/14 in some feeds), which is compatible with it being part of the broader week-ended-July-10 accumulation and does not contradict the claim's numbers. Sources are secondary news aggregators rather than Ark's own filing, hence medium confidence.
Summary

Ark Invest continued adding to SpaceX, extending a buying campaign during the company’s post-listing decline while also trimming Robinhood in its latest disclosed trading. The investment firm bought about $16.6 million worth of SpaceX shares on Wednesday as SPCX fell 0.60% to $135.27, and sold about $3.9 million worth of Robinhood shares, with HOOD rising 1.84% to $115.54 the same day. That follows an earlier purchase of 130,241 SpaceX shares worth about $21.3 million across ARKK, ARKQ and ARKW, after Ark had already bought about $52.1 million of SpaceX in the week ended July 10 and roughly $32.5 million last month following a drop of more than 16% from the stock’s post-IPO peak. A draft U.S. Department of the Treasury report, citing University of Texas at Austin research referenced by NOTUS, said AI companies are more deeply connected to the U.S. economy than internet firms were during the dot-com era and outlined a downside scenario in which weak productivity gains or profitability in AI could hit private credit, chipmakers, cloud providers, electric utilities and data-center financing.

Terms & Concepts
  • private credit: Loans made by non-bank lenders, often to companies, outside the public bond markets.
  • data center: A facility that houses computing infrastructure used to store data and run digital services, including AI workloads.