Cathie Wood’s ARK Increases Stake as Starlink-Linked Stock Rebounds 6.8%
SPCX•SPCX plunged 6.83% on its Nasdaq-100 debut but rebounded overnight after Cathie Wood’s ARK fund increased its stake for a third straight session. Starlink doubled business aviation service fees—raising per-flight rates 100%—potentially boosting recurring revenue from commercial aviation clients.
1. Debut Volatility and Rally
SPCX shares fell 6.83% on their first day in the Nasdaq-100 but climbed back in overnight trading, reflecting renewed buying interest after the initial sell-off. Investors cited strong institutional support and market sentiment as key drivers of the rebound.
2. ARK Fund’s Continued Accumulation
Cathie Wood’s ARK Innovation ETF added to its position in SPCX for the third consecutive session, underscoring confidence in the company’s long-term growth prospects tied to Starlink’s network expansion. Increased ARK buying also lifted trading volumes and buoyed sentiment.
3. Business Aviation Pricing Boost
Starlink implemented a 100% increase in business aviation service fees, doubling per-flight rates for corporate customers. The higher pricing structure is expected to enhance recurring revenue streams from high-margin aviation clients and improve overall profitability.
