--- title: "Cathie Wood Bets $16.6 Million on SpaceX as Elon Musk's Rocket Company Falls Below IPO Price" type: "News" locale: "en" url: "https://longbridge.com/en/news/292848440.md" description: "Ark Invest, led by Cathie Wood, purchased $16.6 million in SpaceX shares across four ETFs on July 15, 2026, buying 122,807 shares at $135.27 each. This move occurred as SpaceX stock dipped below its IPO price of $135, down over 30% from its peak. Simultaneously, Ark sold $3.9 million in Robinhood stock. Other trades included selling Personalis and 10X Genomics, while buying X-Energy and Kodiak AI." datetime: "2026-07-16T02:38:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292848440.md) - [en](https://longbridge.com/en/news/292848440.md) - [zh-HK](https://longbridge.com/zh-HK/news/292848440.md) --- # Cathie Wood Bets $16.6 Million on SpaceX as Elon Musk's Rocket Company Falls Below IPO Price **Cathie Wood**\-led **Ark Invest** executed significant trades on Wednesday, focusing on **Space Exploration Technologies Corp**. (NASDAQ:SPCX) and **Robinhood Markets Inc**. (NASDAQ:HOOD). These trades reflect Ark’s strategic adjustments amidst market fluctuations and evolving company narratives. ## The SpaceX Trade Ark Invest made a notable purchase of SpaceX shares across multiple ETFs, including **ARK Innovation ETF** (BATS:ARKK), **ARK Autonomous Technology & Robotics ETF** (BATS:ARKQ), **ARK Next Generation Internet ETF** (BATS:ARKW), and **ARK Space & Defense Innovation ETF** (BATS:ARKX). The total acquisition amounted to 122,807 shares. At the closing price of $135.27, this purchase is valued at approximately $16.6 million. The **Elon Musk**\-led company’s stock recently experienced a dip below its IPO price of $135, marking a significant moment in its trading history. The stock has seen a decline from its peak of around $225, a drop of over 30%. Notably, on Monday, Wood had purchased $21.3 million worth of SpaceX stock. **Read Also: CoreWeave Weighs Derivatives to Protect Against Falling Chip Prices: Report** ## The Robinhood Trade On the same day, Ark Invest sold 33,466 shares of Robinhood from its ARKK ETF. With the stock closing at $115.54, this transaction is valued at approximately $3.9 million. Robinhood has been making waves with its expansion into crypto and DeFi, including the launch of a public Layer-2 blockchain and other innovative financial products. These initiatives have positively impacted its stock, as evidenced by a recent price target increase by Mizuho to $130. ## Other Key Trades - Sold 148,988 shares of **Personalis Inc.** (PSNL) from ARKG. - Sold 99,977 shares of **10X Genomics Inc**. (TXG) from ARKK. - Bought 141,890 shares of **X-Energy Inc**. (XE) in ARKK. - Bought 107,502 shares of **Kodiak AI Inc.** (KDK) in ARKQ. **Benzinga Edge Stock Rankings** indicate SpaceX stock ranks poorly on Short, Medium and Long Price Trends. **Read Also: AST SpaceMobile, PayPal Holdings, Apple, Micron Technology and SanDisk: Why These 5 Stocks Are on Investors' Radars Today** **_Disclaimer_:** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ _Photo: ChrisStock82 / Shutterstock.com_ ### Related Stocks - [TXG.US](https://longbridge.com/en/quote/TXG.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [KDK.US](https://longbridge.com/en/quote/KDK.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [XE.US](https://longbridge.com/en/quote/XE.US.md) - [PSNL.US](https://longbridge.com/en/quote/PSNL.US.md) - [003009.CN](https://longbridge.com/en/quote/003009.CN.md) - [HOOX.US](https://longbridge.com/en/quote/HOOX.US.md) - [ROBN.US](https://longbridge.com/en/quote/ROBN.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [HOOG.US](https://longbridge.com/en/quote/HOOG.US.md) - [ITA.US](https://longbridge.com/en/quote/ITA.US.md) - [XAR.US](https://longbridge.com/en/quote/XAR.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) - [159227.CN](https://longbridge.com/en/quote/159227.CN.md) - [PPA.US](https://longbridge.com/en/quote/PPA.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) - [HODU.US](https://longbridge.com/en/quote/HODU.US.md) - [HOOI.US](https://longbridge.com/en/quote/HOOI.US.md) - [HOOW.US](https://longbridge.com/en/quote/HOOW.US.md) - [HOOY.US](https://longbridge.com/en/quote/HOOY.US.md) - [HOOZ.US](https://longbridge.com/en/quote/HOOZ.US.md) - [HOYY.US](https://longbridge.com/en/quote/HOYY.US.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [ARKQ.US](https://longbridge.com/en/quote/ARKQ.US.md) - [ARKW.US](https://longbridge.com/en/quote/ARKW.US.md) - [ARKX.US](https://longbridge.com/en/quote/ARKX.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [PYPL.US](https://longbridge.com/en/quote/PYPL.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [KDKRW.US](https://longbridge.com/en/quote/KDKRW.US.md) ## Related News & Research - [Harvard University discloses $2.2B holding in SpaceX, Bloomberg says](https://longbridge.com/en/news/296029750.md) - [SpaceX officially closes its Cursor acquisition](https://longbridge.com/en/news/296004942.md) - [SpaceX AI investment gamble will make it a big winner, firm says](https://longbridge.com/en/news/295564086.md) - [Early Tesla Investor Steve Jurvetson Bets on SpaceX Alumni to Solve AI’s Power Problem: ‘The Endgame for Datacenter...'](https://longbridge.com/en/news/295771860.md) - [Where Will SpaceX Stock Be in One Year? 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