Cathie Wood's ARK Invest bought roughly 3.3 million shares of SpaceX across three of its exchange-traded funds this week, following the company's debut on the Nasdaq. The purchase marks one of the first major institutional moves into SpaceX since it went public.
The purchase details
ARK's buy spanned three ETFs: the ARK Innovation ETF, the ARK Next Generation Internet ETF, and the ARK Space Exploration & Innovation ETF. The firm didn't disclose the exact price paid per share, but the total position is sizable for a single-day trade. SpaceX began trading on the Nasdaq earlier this month, ending years of speculation about when Elon Musk's rocket-and-satellite company would list.
SpaceX's bitcoin treasury
SpaceX holds 18,712 bitcoin on its balance sheet, according to public filings. That stash, accumulated over several years, makes the company one of the largest corporate holders of the cryptocurrency. The bitcoin holding predates the Nasdaq listing and remains unchanged as of the latest disclosure.
ARK Invest has long positioned itself as a buyer of disruptive, high-growth companies. Adding SpaceX fits that thesis. The bitcoin treasury adds a crypto angle to the investment — one that ARK's funds now have indirect exposure to. Wood has been bullish on bitcoin for years, calling it a digital gold and a hedge against inflation. The SpaceX purchase gives her funds a way to bet on both space and crypto in one trade.
The timing isn't accidental. SpaceX's public listing drew massive retail and institutional interest. ARK's move signals confidence that the company's valuation — already among the highest in the aerospace sector — still has room to run.
