ARKW Buys SpaceX’s 3.29M Shares in $75B IPO, Sells Rocket Lab Stake
ARKW•ARKW contributed to ARK Invest’s purchase of 3,291,184 SpaceX shares on the company’s $75 billion Nasdaq debut, immediately making SpaceX one of its top holdings. The same day ARKW trimmed its Rocket Lab stake as ARK Invest sold roughly $222.9 million across 20 companies to free up capacity for SpaceX shares.
1. ARKW’s SpaceX Acquisition
On SpaceX’s record $75 billion Nasdaq debut, ARK Invest disclosed it purchased 3,291,184 shares across its ETFs, including ARKW, positioning SpaceX among ARKW’s largest internet-focused holdings from day one.
2. Sale of Rocket Lab Shares
To fund the SpaceX purchase, ARKW reduced its Rocket Lab position as part of ARK Invest’s broader sale of roughly $222.87 million in 20 companies, reflecting a strategic shift away from small-lift launch providers.
3. Investment Rationale
ARK’s research emphasizes SpaceX’s reusable rocket technology as delivering structurally lower launch costs that competitors will struggle to match, underpinning the decision to reallocate capital from Rocket Lab to SpaceX exposure.
