Cathie Wood’s ARK Buys The Dip In SpaceX Stock With Massive $47M Purchase
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ARK Invest bought 348,406 SpaceX (SPCX) shares for roughly $47.36 million after the stock fell 3.81% to close at $135.92, down $5.39, following Democrats' sweep of the U.S. midterm elections. The purchase extends Cathie Wood's pattern of adding to high-conviction names during politically driven selloffs. SpaceX's move reflects how election outcomes can reprice growth and space-economy exposure even without company-specific news. Watch whether ARK continues accumulating SPCX on further weakness and whether the post-election drawdown holds or reverses.
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Named in this story
SpaceX (SPCX), ARK Invest, Cathie Wood, Democratic Party
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