ARK Invest Acquires 3.3 Million SpaceX Shares Across Three ETFs After Nasdaq Debut
By
Kevin Helms
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
Cathie Wood's ARK Invest purchased nearly 3.3 million shares of SpaceX across three ETFs shortly after Elon Musk's space company began trading on the Nasdaq. The investment provides exposure to SpaceX's rockets, Starlink broadband, AI-linked infrastructure plans, and its significant Bitcoin treasury position of 18,712 BTC.
Key quotes
· 3 pulledCathie Wood's ARK Invest moved quickly into SpaceX after Elon Musk's space company began trading, buying nearly 3.3 million shares for three exchange-traded funds (ETFs).
The purchase added exposure to rockets, Starlink broadband, AI-linked infrastructure plans, and SpaceX's 18,712 BTC treasury position.
Cathie Wood's ARK Investment Management (ARK Invest) bought nearly 3.3 million shares of SpaceX (Nasdaq: SPCX) on Friday, Investor's Business Daily reported.
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