--- title: "Cathie Wood Buys $47.4 Million of SpaceX as Democratic Congress Looms Over Elon Musk’s Businesses After Midterms" type: "News" locale: "en" url: "https://longbridge.com/en/news/304383347.md" description: "Ark Invest, led by Cathie Wood, purchased approximately $47.4 million worth of SpaceX shares across three funds, while simultaneously trimming positions in Alphabet and Amazon. This activity follows the U.S. midterm elections, which saw Democrats sweep Congress, potentially increasing regulatory scrutiny on Elon Musk's businesses. Consequently, Musk's net worth dropped significantly as Tesla and SpaceX shares declined." datetime: "2026-11-05T02:27:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304383347.md) - [en](https://longbridge.com/en/news/304383347.md) - [zh-HK](https://longbridge.com/zh-HK/news/304383347.md) generator: "portal-rs" --- # Cathie Wood Buys $47.4 Million of SpaceX as Democratic Congress Looms Over Elon Musk’s Businesses After Midterms On Wednesday, **Cathie Wood**-led **Ark Invest** bought an estimated $47.4 million worth of **Space Exploration Technologies Corp.** (NASDAQ:SPCX) shares. The firm also sold approximately $17.5 million worth of **Alphabet Inc.** (NASDAQ:GOOG) and **Amazon.com Inc.** (NASDAQ:AMZN) shares combined. ## The SpaceX Trade Ark bought 224,483 SpaceX shares through **ARK Innovation ETF** (BATS:ARKK), 63,478 shares through **ARK Autonomous Technology & Robotics ETF** (BATS:ARKQ) and 60,445 shares through **ARK Next Generation Technology ETF** (BATS:ARKW). The combined purchase totaled 348,406 shares, a trade worth approximately $47.4 million based on Wednesday’s closing price of $135.92. SpaceX shares fell Wednesday following the U.S. midterm elections. Bloomberg data indicates CEO **Elon Musk’s** estimated net worth fell by about $33.5 billion to $865 billion after the Democrats swept Congress in the 2026 midterm elections, as declines in Tesla and SpaceX shares erased billions of dollars from his holdings. Musk had reportedly spent heavily to support Republican candidates, while the incoming Democratic-controlled Congress could bring increased scrutiny of his businesses, including their government contracts, autonomous vehicle operations and AI ambitions. **Read Also: Qualcomm, AppLovin, MercadoLibre, Snap and Coherent: Why These 5 Stocks Are on Investors' Radars Today** ## The Alphabet Trade Ark sold 31,480 Alphabet Class C shares through **ARKK** and 14,684 shares through **ARKQ**. The combined sale totaled 46,164 shares, worth approximately $13.3 million based on Wednesday’s closing price of $287.30. Ark had also sold 12,530 shares through ARKQ on Tuesday. That trade was valued at $3.5 million. Alphabet shares rose Wednesday as the broader market rallied after the midterms. Separately, Google Cloud expanded its AlloyDB database tools, including a preview that lets developers query data stored in Apache Iceberg tables alongside live database records. Reuters also reported that Google planned to invest $15 billion in Malaysia across 2027 and 2028, including spending on new data center campuses. ## The Amazon Trade Ark sold 15,750 Amazon shares through **ARKQ**, a trade worth approximately $4.2 million based on Wednesday’s closing price of $266.03. Amazon was among the large cloud providers in focus as investors weighed AI infrastructure spending against the sector’s earnings outlook. Ahead of last month’s earnings reports, CNBC’s **Jim Cramer** had flagged capital spending at Amazon, Alphabet and Microsoft as a key test for AI data center shares. ## Other Key Trades - **Nurix Therapeutics Inc. (NRIX):** **ARKG** bought **350,410 shares**. - **Pacific Biosciences of California Inc. (PACB):** **ARKG** and **ARKK** bought a combined **73,281 shares**. - **GeneDx Holdings Corp. (WGS):** **ARKG** bought **25,758 shares**. - **Circle Internet Group Inc. (CRCL):** **ARKF** bought **1,894 shares**. - **Bullish (BLSH):** **ARKF**, **ARKK** and **ARKW** sold a combined **125,402 shares**, the third straight session of sales. - **Personalis Inc. (PSNL):** **ARKG** sold **383,022 shares**. - **Tempus AI Inc. (TEM):** **ARKK** sold **75,243 shares**. - **CrowdStrike Holdings Inc. (CRWD):** **ARKW** sold **8,809 shares**. - **Eli Lilly and Co. (LLY):** **ARKK** sold **8,551 shares**. - **Cloudflare Inc. (NET):** **ARKW** sold **7,483 shares**. **Benzinga Edge Rankings** show SpaceX underperforming across Short, Medium and Long-term price trends. **See More: Top Value Stocks** ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo Courtesy: favoritesphoto on Shutterstock.com* ### Related Stocks - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [BLSH.US](https://longbridge.com/en/quote/BLSH.US.md) - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [NRIX.US](https://longbridge.com/en/quote/NRIX.US.md) - [PACB.US](https://longbridge.com/en/quote/PACB.US.md) - [PSNL.US](https://longbridge.com/en/quote/PSNL.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [WGS.US](https://longbridge.com/en/quote/WGS.US.md) - 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