Ark Invest Buys 210,121 SpaceX Shares for $32.5M as Stock Drops 16.4%
SPCX•Ark Invest acquired 210,121 shares of SpaceX for $32.5 million across four ETFs, raising its total holding to 1.63 million shares in ARKK valued at $301 million. SPCX stock plunged 16.43% following its inaugural bond sales announcement, even as SpaceX secured a $6.3 billion AI computing deal with Reflection AI.
1. Ark Invest Share Purchase
Ark Invest acquired 210,121 SpaceX shares across four of its ETFs for $32.5 million, boosting its total holding in ARKK to 1.63 million shares worth about $301 million and increasing stakes in ARKQ, ARKW and ARKX as SpaceX remains a top ETF holding.
2. Stock Drop and Bond Sale
SpaceX stock tumbled 16.43% after the company announced its first bond sale to repay bridge loan borrowings, triggering profit-taking in a lower-volume environment and coinciding with KeyBanc’s neutral rating.
3. AI Computing Deal
SpaceX signed a computing agreement with Reflection AI valued up to $6.3 billion, granting scalable AI infrastructure support and expanding the company’s commercial revenue opportunities beyond its core launch and spacecraft operations.
