ARK Invest Buys SpaceX Shares and Trims Robinhood Position

Cathie Wood and the team at ARK Invest are making big moves again. On July 20, the firm picked up 170,634 shares of SpaceX. The purchase totaled $20.5 million, with the shares trading at approximately $119.85 each. This move shows that ARK is still interested in space technology despite the stock currently trading below its original valuation.

At the same time, the firm decided to lighten its load on Robinhood. ARK sold 41,322 shares of the trading app, which brought in about $4.1 million. This shift reflects a tactical change in how the firm balances its exposure between private space ventures and public retail trading platforms.

Investors often watch these trades to see where ARK believes the best growth potential lies. While SpaceX remains a private company, the stock reflects broader market sentiment toward high growth tech and aerospace. Keeping an eye on these periodic portfolio adjustments helps track how big institutional players are positioning their capital for the coming months.