Investor Cathie Wood Buys More Than $500 Million Of SpaceX Stock

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CryptoProwl

Mon, June 15, 2026 astatine 7:59 AM CDT 1 min read

Closely followed capitalist Cathie Wood bought much than $500 cardinal U.S. of SpaceX (NASDAQ: $SPCX) banal connected the time of the company's archetypal nationalist offering (IPO).

Through her plus absorption steadfast ARK Invest, Wood bought 3.3 cardinal shares of SpaceX connected June 12, the time of its marketplace debut, gathering a involvement worthy much than $500 cardinal U.S.

The shares, priced astatine $135 U.S. and finished their archetypal trading time astatine $160.95 U.S. for a summation of 19%. SPCX banal is up different 6% connected June 15.

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Wood liquidated $280 cardinal U.S. of stocks successful the week earlier the SpaceX IPO to rise superior to bargain SpaceX's banal erstwhile it deed the unfastened market.

Stocks sold by Wood included Advanced Micro Devices (NASDAQ: $AMD) and Roku (NASDAQ: $ROKU), among others.

The bulk of SpaceX banal bought by Wood has been allocated to her ARK Innovation ETF (BATS: $ARKK), with SpaceX making up 3.28% of the exchange-traded funds' portfolio.

Wood was an assertive purchaser of SpaceX banal contempt galore analysts informing that the unprofitable commercialized abstraction institution is grossly overvalued.

Despite the concerns, an ARK exemplary targets a $2.50 trillion U.S. endeavor worth for SpaceX successful 2030, with a bull lawsuit adjacent $3.10 trillion U.S.

In summation to being focused connected exertion and innovation, Wood is besides a notorious crypto bull and has a semipermanent terms people connected Bitcoin's (CRYPTO: $BTC) terms of $1.25 cardinal U.S.

SPCX banal was trading astatine $170.67 U.S. per stock successful premarket trading connected June 15.

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