Ark Invest Buys $500M Worth of SpaceX Stock on Listing Debut, Shares Rise 19.2%

ARK5.50%
According to CoinDesk, Ark Invest bought nearly 3.3 million SpaceX shares worth over $500 million on the company's listing debut on June 15, with shares closing at $160.95, up 19.2% from the $135 IPO price. The ARK Innovation ETF (ARKK) was the primary buyer, with SpaceX now representing 3.28% of its portfolio. Ark has set a 2030 enterprise value target of $2.5 trillion for SpaceX, with optimistic scenarios reaching $3.1 trillion. Ahead of the listing, Ark divested approximately $280 million in holdings across 13 companies including AMD, Roku, and Baidu.
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