Cathie Wood’s ARK Invest has increased its exposure to SpaceX after the aerospace company’s shares fell below their initial public offering (IPO) price, signaling continued confidence in the
Cathie Wood’s ARK Invest has increased its exposure to SpaceX after the aerospace company’s shares fell below their initial public offering (IPO) price, signaling continued confidence in the long-term growth prospects of Elon Musk’s space technology company despite recent market weakness.
Here is every move Cathie Wood and Ark Invest made in the stock market today 7/17 pic.twitter.com/NnLPqF32qp
— Ark Invest Tracker (@ArkkDaily) July 18, 2026
Earlier this month, ARK Invest acquired another $7 million worth of SpaceX shares, underscoring Cathie Wood’s strategy of buying disruptive technology companies during periods of market weakness. Despite the recent correction, Wood has maintained her bullish stance, viewing short-term volatility as an opportunity to build long-term positions rather than a reason to exit.
SpaceX $SPCX dropped -23.46% over the past week
Now trading at $123.99, down -$38.01 pic.twitter.com/5rlLWzM3dz
— Ark Invest Tracker (@ArkkDaily) July 18, 2026
According to Ark Invest Tracker, SpaceX ($SPCX) shares fell 23.46% over the past week, with the stock trading at $123.99 after losing $38.01 over the seven-day period. The decline followed continued selling pressure after the aborted Starship Flight 13 launch attempt and profit-taking following the company’s strong post-IPO rally.
SPCX – YahooSpaceX ($SPCX) shares closed at $123.99, falling $7.12 (5.43%) during Friday’s trading session. The stock edged slightly higher in after-hours trading, rising to $124.14, up 0.12%.
SpaceX shares have fallen sharply from their post-IPO high as investors took profits following the company’s strong market debut, while the aborted Starship Flight 13 launch attempt and broader weakness in high-growth stocks added to selling pressure.
ARK Invest has repeatedly emphasized an investment strategy focused on long-term innovation rather than short-term price movements. The firm continues to view SpaceX as a major technology and aerospace opportunity, supported by its reusable rocket business, Starlink satellite internet network, government launch contracts, and potential future opportunities in commercial space infrastructure.
Wood has previously argued that SpaceX could become one of the world’s most valuable companies as Starlink expands its global broadband business and reusable launch technology lowers the cost of space transportation.
In late June, ARK Invest increased its positions in Coinbase, Circle, Bullish, and Robinhood as crypto-related stocks pulled back amid broader market volatility.
At the same time, Cathie Wood said rising global geopolitical and economic instability could become a catalyst for Bitcoin’s next major rally, reinforcing her long-term bullish outlook on digital assets.
The latest SpaceX purchase follows the same strategy, with ARK continuing to buy high-conviction holdings during periods of market weakness.
ARK Invest’s latest purchase signals continued conviction in SpaceX’s long-term strategy despite recent operational setbacks and market volatility. While the stock has come under pressure following its rapid post-IPO decline, Wood continues to view periods of weakness as opportunities to accumulate shares in companies she believes will benefit from disruptive technological innovation.
For investors, however, risks remain. Starship’s development timeline, future launch execution, valuation concerns, and the potential for additional share sales following lock-up expirations could continue to influence SpaceX’s stock performance in the months ahead.
