ARK Invest buys into SpaceX’s dip
In a striking move, ARK Invest purchased about 105,108 shares of SpaceX for roughly $12.2 million on July 28, as the stock continued to slide. In contrast, the firm reduced some positions in Robinhood, Block, and Bullish.
What’s noteworthy here isn’t only the deal size, but the redeployment of capital toward SpaceX during the downturn—reflecting ARK’s confidence in the company’s long-term investment story, despite current volatility.
However, institutional buying doesn’t mean the bottom is confirmed. With upcoming SpaceX results on the horizon, valuation, growth, and operating performance will remain the decisive factors in determining whether this dip is an opportunity or just another phase of correction.
#SPCX #ARKInvest #CathieWood
#stocks
In a striking move, ARK Invest purchased about 105,108 shares of SpaceX for roughly $12.2 million on July 28, as the stock continued to slide. In contrast, the firm reduced some positions in Robinhood, Block, and Bullish.
What’s noteworthy here isn’t only the deal size, but the redeployment of capital toward SpaceX during the downturn—reflecting ARK’s confidence in the company’s long-term investment story, despite current volatility.
However, institutional buying doesn’t mean the bottom is confirmed. With upcoming SpaceX results on the horizon, valuation, growth, and operating performance will remain the decisive factors in determining whether this dip is an opportunity or just another phase of correction.
#SPCX #ARKInvest #CathieWood
#stocks