TLDR
- ARK Invest bought ~123,000 SpaceX shares worth nearly $17M across four ETFs on July 15
- SpaceX stock had fallen seven of the past nine days, sitting just above its $135 IPO price
- A share unlock event — 20% of outstanding shares — is expected after Q2 earnings, adding selling pressure
- SpaceX’s 13th Starship test is set for Thursday evening, aiming to deploy 20 Starlink V3 satellites
- ARK also sold shares in Deere & Co and trimmed positions in Twist Bioscience and 10X Genomics
ARK Invest, the fund run by Cathie Wood, bought roughly 123,000 SpaceX shares worth about $17 million on July 15, 2026. The purchase was spread across four ETFs: ARKK, ARKQ, ARKW, and ARKX.
Space Exploration Technologies Corp., SPCX
The move came as SpaceX stock had been sliding. Shares were down seven of the past nine trading days heading into Thursday, sitting just 27 cents above the $135 IPO price. The stock briefly dipped below that level to $134.94 in premarket trading.
SpaceX is the sixth-largest holding in ARK’s flagship Innovation ETF, making up around 4.4% of its assets. Tesla remains ARK’s top holding in that fund.
Why SpaceX Stock Has Been Falling
Two main factors have weighed on the stock. First, the valuation: SpaceX is currently priced at about 45 times estimated 2026 sales, which some investors see as stretched.
Second, a share unlock is coming. Around 20% of outstanding shares held by early investors will become available to trade after the company’s second-quarter earnings report, due in the coming weeks. That prospect has made some investors cautious.
Despite this, ARK added to its position rather than cutting it. The firm has been a consistent buyer of SpaceX shares in recent sessions.
Starship Test 13 Set for Thursday Evening
The timing of ARK’s purchase lines up with a key event for SpaceX. The company’s 13th test flight of its Starship rocket is scheduled for Thursday evening at around 6:45 p.m. Eastern time.
This test will attempt to deploy 20 Starlink V3 satellites using Starship’s upper stage. The upper stage will also try to relight a single Raptor engine in space before re-entering the atmosphere and splashing down in the Indian Ocean.
Starship is designed to carry up to 150,000 kilograms to orbit at a fraction of current costs. For comparison, the reusable Falcon 9 rocket carries around 25,000 kilograms at roughly $1,500 per kilogram. A fully reusable Starship is built to cut that cost by around 90%.
Starship is not yet operational. But a successful test could lift investor sentiment around the stock.
On the selling side, ARK offloaded 6,833 shares of Deere & Co worth about $4 million, continuing a pattern of reducing exposure to the agricultural machinery company. ARK also sold shares in Twist Bioscience and 10X Genomics, while buying into Beam Therapeutics and Kratos Defense.
SpaceX shares were down around 0.2% in premarket trading on Thursday.
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