Svmuu News: Walter Bloomberg posted on X that ARK Invest increased its holding of SpaceX shares by more than 210,000 shares—worth at least $32 million—after SpaceX’s stock price fell 16%. This purchase represents ARK’s follow-on investment in SpaceX following its IPO, with Cathie Wood viewing the recent sell-off as a buying opportunity.
Despite the recent decline, SpaceX’s stock price remains above its $135 IPO price.