Cathie Wood-led ARK Investment Management accumulated 705,102 Rocket Lab shares worth approximately $44 million to $44.5 million across two trading sessions, including 504,799 shares for roughly $31.6 million on Tuesday and 200,303 shares for about $12.9 million in the prior session. Rocket Lab shares were around $62.54 after falling 2.2% and declining in nine of the last 10 sessions, more than 50% from their May peak, amid a narrowing Neutron launch window, investor concerns about insider selling and a $700 million NASA Mars communications contract awarded to Blue Origin. ARK also bought 456,059 Block shares valued at about $38.1 million and sold selected AMD, Palantir, Tempus AI and Shopify positions. Rocket Lab reported a record $2.36 billion backlog, up 137% year over year, while Block reported second-quarter gross profit of $3.17 billion, up 25%.