Cathie Wood Just Dumped $27M of Palantir to Buy SpaceX. Here’s Why
TLDR
- ARK Invest bought 205,031 SpaceX shares worth $27.5 million on August 21, 2026
- ARK sold 156,110 Palantir shares worth $27.2 million on the same day
- Palantir has rallied roughly 43% since its August 3 earnings report
- Wall Street sees 66.9% upside for SpaceX versus about 10% for Palantir
- SpaceX has secured over $8 billion in Golden Dome military contracts
Cathie Wood’s ARK Invest made a direct swap on Friday, August 21, selling around $27.2 million of Palantir Technologies shares and putting roughly the same amount into SpaceX.
ARK bought 205,031 SpaceX shares across four of its ETFs. The largest chunk came through the ARK Innovation ETF. The total purchase came to about $27.5 million.
Space Exploration Technologies Corp., SPCX
On the selling side, ARK offloaded 156,110 Palantir shares for around $27.2 million. This continues a pattern of trimming the position, following a $7.8 million sale of Palantir shares earlier in August.
Palantir’s Big Rally
Palantir closed at $125.65 before its earnings report on August 3. Since then, the stock has climbed to around $179.94, a gain of roughly 43%.
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