It’s been a little over a month since then Space technology(NASDAQ: SPCX)commonly known as SpaceX, debuted on the Nasdaq stock exchange. In this short period of time, the famous Ark Invest company Cathie Wood has constantly increased her holdings in the company. None of the exchange-traded funds (ETFs) managed by the investment and asset management company have yet sold a single share of the Elon Musk-led company.
Let’s take a look at these latest buy-ins.
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SpaceX Finds Placement in Several Ark ETFs
As of last week, Wood and her team have been active buyers of SpaceX. On Tuesday, Ark Invest bottomed out as the stock hit its post-IPO low, buying 44,196 shares worth about $6.6 million. In the next trading session, the investment firm bought a much larger block of 181,847 shares for about $27 million. Summing up the week, Ark bought 116,971 lots on Friday at a price of about $17.8 million.
In keeping with the iconic firm’s habit of making large-scale purchases, it distributed its brand-new SpaceX shares among several of its future-focused ETFs, with 220,715 shares in the fund. Ark Innovation ETF (NYSEMKT: ARKK), Ark Autonomous Tech & Robotics ETF(NYSEMKT: ARKQ) accepted 70,531, and Internet ETF Ark Next Generation (NYSEMKT: ARKW) 28,763 people were absorbed.
It’s kind of ridiculous Ark Space & Defense Innovation ETF(NYSEMKT: ARKX) lasted the list with 23,005 shares.
Ark has been a long-term investor in SpaceX longer than most of us. This is due to the fact that the firm began accumulating shares of the company even before the IPO through Ark Venture Fund(NASDAQMUTFUND: ARKVX)which invests in businesses before they are listed on stock exchanges. It keeps them to this day.
This, along with massive buying of shares on the first day of trading and subsequent continuous buying, led to some Ark ETFs accumulating impressively large holdings. Taking into account the above transactions, the total holdings of the four non-venture ETFs are now as follows:
| ETF | Number of shares | Total cost |
|---|---|---|
| Ark Innovation | 1,946,984 | $296 million |
| Autonomous Technologies and Robotics Ark | 836 475 | $127 million |
| Space Research and Innovation of the Ark | 481 706 | $73 million |
| Next Generation Internet Ark | 366 817 | $56 million |
Data source: Ark Invest as of July 10, 2026. Note. Total price is rounded.
Ark likes that SpaceX is 4 businesses in 1
Collectively, Wood and Ark love nothing more than a company that is resolutely looking to the future, and that’s part of the appeal of SpaceX stock. It is a space exploration company, a developer of artificial intelligence (AI) technology and the hardware on which it is based, an important satellite communications company, and the operator of the social media platform X (formerly Twitter).
While most of these businesses are cutting-edge and exciting, only one (the communications unit linked to the Starlink satellite business) posted an operating profit last year. This amounted to $4.4 billion. Meanwhile, another company, AI, suffered extremely large losses of almost $6.4 billion.
SpaceX as a company is a mixture of businesses that are not necessarily synergistic. The space and AI divisions (the latter of which includes X) will likely continue to suffer losses, perhaps for many years. This undoubtedly undermines the significant strength of the communications division’s satellite operations. Personally, I would be much more cautious about investing in SpaceX than Wood and her team.
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Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.
