---
title: "Cathie Wood pours $529M into SpaceX after record IPO"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289845178.md"
description: "Cathie Wood’s ARK Invest purchased $529.7 million in SpaceX shares on its first trading day, signaling strong conviction in the company. SpaceX’s IPO raised $75 billion, with shares surging 19% to lift its market cap above $2 trillion, making Elon Musk a trillionaire. However, risks remain high as the unprofitable company trades at nearly 94 times sales."
datetime: "2026-06-16T01:21:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289845178.md)
  - [en](https://longbridge.com/en/news/289845178.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289845178.md)
---

# Cathie Wood pours $529M into SpaceX after record IPO

Massive IPO buy: Cathie Wood’s ARK Invest purchased $529.7 million in SpaceX shares on its first trading day, signaling strong conviction in Elon Musk’s company. Record-breaking debut: SpaceX’s IPO raised $75 billion, surged 19% on day one, and lifted its market cap above $2 trillion, making Musk the world’s first trillionaire. Risks remain high: Despite growth potential in rockets, Starlink, and AI, SpaceX trades at nearly 94 times sales and remains unprofitable, heightening valuation risks.

### Related Stocks

- [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md)
- [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md)
- [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md)
- [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md)
- [SNK.US](https://longbridge.com/en/quote/SNK.US.md)
- [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md)
- [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md)
- [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md)

## Related News & Research

- [BUZZ-SpaceX surges after blockbuster IPO debut](https://longbridge.com/en/news/289819282.md)
- [Kingdom Holding Announces Latest Development On Its Investment In SpaceX](https://longbridge.com/en/news/289680648.md)
- [SpaceX opens at $150 per share.](https://longbridge.com/en/news/289619238.md)
- [What did SpaceX stock close at after its first day of trading?](https://longbridge.com/en/news/289643703.md)
- [Australia's richest person Rinehart takes $1 billion stake in SpaceX IPO, WSJ reports](https://longbridge.com/en/news/289745368.md)