--- title: "Cathie Wood Defies Market Selloff: Invests $64M in SpaceX and Roblox on Huge Single-Day Drops" type: "News" locale: "en" url: "https://longbridge.com/en/news/290558857.md" description: "Cathie Wood's ARK Invest made significant portfolio moves on June 22, buying $64M in SpaceX and Roblox following sharp stock declines. SpaceX was the largest purchase ($38.9M) after a 16% drop linked to bond offerings, while Roblox saw a $25.2M buy amid weaker user engagement data. Conversely, ARK trimmed positions in Roku, Twist Bioscience, and Strata Critical Medical, with Roku being the largest sale." datetime: "2026-06-23T11:45:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290558857.md) - [en](https://longbridge.com/en/news/290558857.md) - [zh-HK](https://longbridge.com/zh-HK/news/290558857.md) generator: "portal-rs" --- # Cathie Wood Defies Market Selloff: Invests $64M in SpaceX and Roblox on Huge Single-Day Drops Cathie Wood's ARK Invest ETFs (exchange-traded funds) made several notable portfolio moves on Monday, June 22. The firm bought more Space Exploration Technologies (SPCX) after a sharp selloff in the stock. ARK also added to Roblox (RBLX) while trimming positions in Roku (ROKU), Twist Bioscience (TWST), and Strata Critical Medical (SRTA). ### TipRanks' Prime Week Sale - 70% Off SPCX has a long & short ETF? Explore SPCM & SPCG ## **SpaceX Was ARK's Largest Purchase** SpaceX was ARK's biggest buy of the day. The firm purchased 210,121 shares worth about $38.9 million across several ETFs. The purchase came after SpaceX stock fell 16.43% to close at $154.60. Shares moved lower after the company launched a $20 billion investment-grade bond offering. The proceeds are expected to help refinance bridge loans used in SpaceX's merger with xAI. The latest purchase follows ARK's massive SpaceX buy on June 12. The firm purchased more than $444 million worth of shares that day, making it one of ARK's largest recent trades. ## **Roblox Was Another Major Buy** ARK also added heavily to Roblox. The firm bought 489,584 shares worth about $25.2 million. The gaming platform stock fell 8.27% on Monday to close at $47.27. The decline followed a Citi report that showed weaker user engagement trends and pointed to results near the lower end of the company's second-quarter guidance. Citi analyst Jason Bazinet noted that during week 25 (June 15-21), average peak concurrent users (CCUs) declined 5% year-over-year to 15.3 million, despite the release of *Grow a Garden 2* last week. ARK also made a smaller purchase of Alamar Biosciences (ALMR), buying 2,134 shares worth about $46,900. ## **Wood Trims Roku and Other Holdings** At the same time, Roku was ARK's largest sale of the day. The firm sold 163,192 shares worth about $22.5 million. ARK also reduced its position in Twist Bioscience, selling 20,284 shares worth about $1.8 million. The stock has posted strong gains this year, which may have provided an opportunity for profit-taking. In addition, ARK sold 186,126 shares of Strata Critical Medical worth about $1.1 million, continuing the firm's recent reduction in the stock. ## **How Wall Street Views ARK's Latest Trades** Among ARK's latest trades, Wall Street sees the most upside in Strata Critical Medical, followed by SpaceX, Roblox, and Alamar Biosciences. Meanwhile, analysts expect downside for Twist Bioscience, while Roku offers nearly 18% upside from current levels. ### Related Stocks - [SRTA.US](https://longbridge.com/en/quote/SRTA.US.md) - [ROKU.US](https://longbridge.com/en/quote/ROKU.US.md) - [RBLX.US](https://longbridge.com/en/quote/RBLX.US.md) - [TWST.US](https://longbridge.com/en/quote/TWST.US.md) - [RBLU.US](https://longbridge.com/en/quote/RBLU.US.md) - [RBLY.US](https://longbridge.com/en/quote/RBLY.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [ALMR.US](https://longbridge.com/en/quote/ALMR.US.md) - [SPCM.US](https://longbridge.com/en/quote/SPCM.US.md) - [SPCG.US](https://longbridge.com/en/quote/SPCG.US.md) - [SRTAW.US](https://longbridge.com/en/quote/SRTAW.US.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) ## Related News & Research - [Mark Reinstra Sells 6,250 Shares of Roblox (NYSE:RBLX) Stock](https://longbridge.com/en/news/296536821.md) - [SpaceX Creates a High-Class Problem for Baillie Gifford](https://longbridge.com/en/news/296354481.md) - ['Crazy overvalued': Scott Galloway says SpaceX is a '$10 to $30 stock'](https://longbridge.com/en/news/296229565.md) - [SpaceX Stock: Here's A Way To Profit From This Volatile IPO](https://longbridge.com/en/news/296133534.md) - [SpaceX vs. Micron: Which high-growth titan is the better buy?](https://longbridge.com/en/news/296004119.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**