ARK Invest Buys $444M in SpaceX, Dumps AMD as Musk Becomes Trillionaire

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Cathie Wood’s ARK adds $444M in SpaceX while cutting AMD stake

On June 12th, Cathie Wood’s ARK Invest bought approximately $444 million in SpaceX stock. This move coincided with a decrease in their investment in Advanced Micro Devices, marking a significant change to their portfolio as Elon Musk’s space company became available for public trading.

Summary

  • ARK Invest purchased 3.29 million SpaceX shares worth roughly $444 million across four ETFs on June 12.
  • The firm also trimmed its AMD position, selling 80,536 shares valued at about $39.3 million.
  • SpaceX closed its first trading day nearly 19% above its IPO price, pushing its market value above $2.1 trillion and helping Elon Musk become the world’s first trillionaire.

ARK Invest has bought roughly $444.3 million worth of SpaceX stock, adding a total of 3,291,184 shares across its various ETFs – ARKK, ARKQ, ARKW, and ARKX – according to data from ARK Invest Tracker.

Here is every move that Cathie Wood and Ark Invest made in the stock market today 6/12

— Ark Invest Tracker (@ArkkDaily) June 13, 2026

The biggest purchase was made by the ARKK Innovation ETF, acquiring 1.69 million shares. Other ETFs managed by ARK Investment Management also contributed: ARKQ bought 736,442 shares, ARKW added 325,562, and ARKX purchased 538,341.

ARK Investment Management also reduced its holdings in AMD, selling over 80,000 shares across several of its ETFs. This sale, worth around $39.3 million, is part of a larger trend of ARK decreasing its investment in the semiconductor company.

ARK Invest made a significant purchase as investors eagerly bought shares of SpaceX on its first day of public trading.

As crypto.news previously reported, the company initially offered its shares to the public at $135 each, which valued the company around $1.77 trillion. During its first day of trading, the share price rose to as high as $176.52 before finishing at $160.95, resulting in a market value exceeding $2.1 trillion.

The stock surge boosted Elon Musk’s personal fortune past $1 trillion, making him – for the first time ever, based on recent calculations – the world’s first person to reach that milestone.

ARK increased its SpaceX exposure after years of backing Musk’s company

ARK Invest recently increased its stake in SpaceX, continuing a relationship that started before SpaceX was publicly traded. The firm initially invested in SpaceX through its ARK Venture Fund in 2023, giving investors a chance to benefit from the company’s growth while it was still private.

As of May 31st, SpaceX made up 11.38% of ARK Venture Fund’s total investments, making it the fund’s biggest holding. Earlier in the year, SpaceX represented 17.02% of the fund, showing that its importance within the portfolio has shifted due to changes in value and investment strategy.

Kathy Wood continues to be a strong public supporter of Elon Musk. Recently, she stated on Fox Business that SpaceX is at least ten years ahead of its competitors, which aligns with ARK Invest’s belief that the company has a major edge in both launching things into space and providing satellite communication services.

ARK’s valuation outlook remains above the IPO level

SpaceX’s recent purchase came after a busy week of changes to ARK Investment Management’s holdings. The firm sold almost 10 million shares in 20 different companies leading up to Friday, totaling an estimated $279 million in sales. A significant portion of these sales—around $234 million worth of stock—happened on Thursday and included shares in companies like Teradyne, Twist Bioscience, Iridium Communications, Robinhood, and Roku.

ARK Invest predicts significant continued growth for SpaceX, even with its high current value. Their forecasts show a potential enterprise value of around $2.5 trillion by 2030 in their most likely scenario, and up to $3.1 trillion if things go particularly well. Even a more conservative estimate puts SpaceX’s value at about $1.7 trillion – similar to what it could be worth when it eventually goes public.

Experts on Wall Street disagree about how well the stock will perform. A few predict it could reach $190 per share, believing investors see SpaceX as a company involved in several promising areas – aerospace, internet satellites, defense, and AI. However, others think the price might drop to around $63 if the company doesn’t grow as quickly as currently expected.

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2026-06-13 12:58