Cathie Wood Bets $28 Million on SpaceX While Trimming Roblox, Palantir and AMD

TLDR

• ARK Invest bought around $28 million worth of SpaceX shares in the week of Aug. 17-21
• SpaceX went public in June at $135 per share and has seen sharp price swings since
• ARK also purchased roughly $25 million of Cerebras Systems and $22.8 million of Nvidia
• ARK sold around $49 million of Roblox, $34.5 million of Palantir, and $31 million of AMD
• SpaceX reported Q2 revenue of $7.8 billion, up 92% year over year, driven by Starlink and AI

Cathie Wood’s ARK Invest made SpaceX its biggest buy of the week, purchasing around 205,031 shares worth an estimated $28 million between Aug. 17 and Aug. 21.

Space Exploration Technologies Corp., SPCX

SpaceX went public in June at $135 per share. The company runs the Starlink satellite internet network, launches rockets and spacecraft, and is expanding into AI infrastructure.

The purchase comes despite a rocky post-IPO period. SpaceX shares have moved sharply around earnings reports and lockup expirations. Around 319 million additional shares became eligible for sale on Aug. 20.

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