ARK Buys $12.2M SpaceX, $12.4M Tesla on Tuesday Amid US Robot Import Curbs

SPCX2.46%
TSLA-0.56%

According to ARK fund disclosures, on Tuesday (July 29), ARK added 105,108 SpaceX shares worth $12.2 million and 40,281 Tesla shares worth $12.4 million. Over Monday and Tuesday combined, ARK purchased $47.3 million in SpaceX and Tesla shares.

The purchases coincide with the Federal Communications Commission restricting imports of new Chinese humanoid and quadruped robots, citing cybersecurity and supply-chain risks. The policy aims to protect U.S. AI and automation competitiveness as American companies including Tesla develop competing robotics platforms.

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