ARK Invest Buys $443M SpaceX Stakes via Venture Fund; SpaceX Surges 19% on June 12 Debut

According to ARK Invest filings disclosed Friday (June 12), the firm's Venture Fund purchased approximately 3.29 million SpaceX shares for $443 million via private pre-IPO transaction, making SpaceX the fund's largest holding at 11.38% of net assets. To fund the purchase, ARK simultaneously sold significant positions in mature tech stocks including AMD, Tesla, Baidu, and Roku. SpaceX went public on June 12, surging 19.22% to $160.95, valuing the company at $2.1 trillion and making it the sixth-largest U.S. publicly traded company by market cap.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments