ARK Funds Offload $222.87M Across 20 Stocks on Thursday Ahead of SpaceX IPO

According to Stocktwits, ARK Investment Management offloaded $222.87 million across 20 stocks on Thursday (June 12) ahead of SpaceX's highly anticipated IPO set for Friday (June 13). The largest single divestment was semiconductor maker Teradyne, with ARK selling $76.6 million in shares across its flagship ARKK, ARKQ, and ARKX ETFs.

SpaceX is priced at $135 per share at a $1.77 trillion valuation, marking the most significant IPO in recent years. ARK's Venture Fund already holds SpaceX as its largest position at 11.38% of net assets, ahead of OpenAI and Anthropic.

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