Cathie Wood Buys SpaceX and Circle While Dumping $96M of Roblox Stock

TLDR

• Ark Invest bought nearly $37M worth of SpaceX shares after its post-earnings dip, making it the biggest buy of the week
• Circle Internet Group was the largest crypto purchase, with Ark adding around $39M in shares across multiple funds
• Ark added to Coinbase, CoreWeave, Cerebras Systems, and Nvidia, reinforcing bets on crypto and AI infrastructure
• Roblox was the biggest sell, with Ark offloading 2.64M shares worth roughly $96M
• Shopify and Palantir also saw major reductions, along with cuts to AMD, Snowflake, and CrowdStrike

Cathie Wood’s Ark Invest made a series of big moves during the first week of August, buying heavily into space, AI infrastructure, and crypto while cutting exposure to gaming, software, and healthcare names.

SpaceX was Ark’s largest purchase of the week. The firm bought 316,963 shares across four funds for a combined value of around $36.9M. Ark stepped in on August 5 when the stock fell 13.6% following its first earnings report as a public company. SpaceX posted revenue of $7.8B, up 92% year over year, but investors initially reacted negatively to its high AI infrastructure spending. Ark bought again on August 7 as the stock rebounded 15.8%.

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