According to Bitcoin.com News, Ark Invest purchased 210,121 shares of SpaceX (Nasdaq: SPCX) worth approximately $32.5 million on June 22 as the stock fell 16% following the company's announcement to issue investment-grade bonds for artificial-intelligence funding.
To fund the purchase, Ark Invest sold roughly $163 million in holdings on June 16, including approximately $39 million in Advanced Micro Devices (AMD) shares and $12 million in Roku shares. The SpaceX buy adds to Ark's position established during the IPO on June 12, bringing total investments to over $475 million.