--- title: "Cathie Wood Buys $27.5M of SpaceX Stock, Sells $27.2M of Palantir Shares" type: "News" locale: "en" url: "https://longbridge.com/en/news/296705178.md" description: "Cathie Wood's ARK Invest shifted positions on August 21, purchasing $27.5 million of SpaceX stock while selling $27.2 million of Palantir shares. This move coincides with SpaceX's post-IPO share unlock and Palantir's 43% rally following strong earnings. Wall Street analysts project higher upside potential for SpaceX (66.9%) compared to Palantir (10%), influencing the rebalancing." datetime: "2026-08-23T14:01:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296705178.md) - [en](https://longbridge.com/en/news/296705178.md) - [zh-HK](https://longbridge.com/zh-HK/news/296705178.md) generator: "portal-rs" --- # Cathie Wood Buys $27.5M of SpaceX Stock, Sells $27.2M of Palantir Shares Cathie Wood-led ARK Invest made a clear switch between two of its high-profile holdings on Friday, August 21. The fund bought $27.5 million of **SpaceX** (SPCX) while selling $27.2 million of **Palantir Technologies** (PLTR). SpaceX also offers much more upside, with Wall Street seeing 66.9% upside for SPCX compared with about 10% for PLTR. ### Summer Sale - Claim 70% Off TipRanks Learn why XOVR invested in Kalshi and the investment thesis behind one of its newest private holdings. The move comes as SpaceX works through the impact of its second post-IPO share unlock. About 319 million shares became eligible for trading on Thursday, briefly pushing SPCX below its $135 IPO price. The stock recovered on Friday to close at $136.97, slightly above the IPO price. Meanwhile, Palantir has climbed sharply since its latest earnings report. ## **Wood Adds $27.5M to SpaceX Stock** Cathie Wood bought 205,031 SpaceX shares across four ETFs on Friday. The largest portion came through the ARK Innovation ETF (ARKK). The purchase came a day after about 319 million shares became eligible for trading in SpaceX's second post-IPO unlock. The stock had also faced a larger unlock on August 6, when about 912 million shares became tradable. That means more than 1.2 billion shares have become eligible for trading in August. More shares are expected to unlock in October, adding another possible source of selling pressure. Meanwhile, SpaceX was also reportedly interested in Grain Management's $6 billion spectrum portfolio, alongside AST SpaceMobile (ASTS). The 800 MHz licenses could support satellite-to-phone services. However, Elon Musk later said the report of SpaceX's interest was "not true." SpaceX has also secured more than $8 billion in Golden Dome contracts for military satellites and launches. The deals add to the company's growing defense business. ## **ARK Trims Palantir Shares after a 43% Rally** At the same time, ARK sold 156,110 Palantir shares worth about $27.2 million on Friday. The sale comes after a sharp rally in PLTR following its August 3 earnings report, potentially allowing ARK to lock in gains from earlier purchases. Palantir closed at $125.65 before the earnings report and has since climbed to about $179.94, a gain of roughly 43.2%. Palantir's Q2 revenue increased 93%, while operating cash flow climbed to $1.22 billion. U.S. commercial revenue jumped 149% to $764 million, supported by strong demand for its AI offerings. Palantir has also benefited from government AI initiatives, including its work with the Pentagon. The latest sale adds to ARK's recent trimming of its Palantir position, following a $7.8 million sale of 43,874 shares earlier in August. ## **SPCX or PLTR: Which AI Stock Does Wall Street Prefer?** The TipRanks Stock Comparison tool shows that Wall Street has a Moderate Buy consensus rating on both SpaceX and Palantir. Meanwhile, Wall Street sees more upside in SpaceX than Palantir, based on their average analyst price targets. The SPCX average price target of $228.59 implies 66.9% upside potential from current levels, while the PLTR average price target of $197.89 suggests 10% upside potential. ### Related Stocks - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [PLTD.US](https://longbridge.com/en/quote/PLTD.US.md) - [PLTG.US](https://longbridge.com/en/quote/PLTG.US.md) - [PLT.US](https://longbridge.com/en/quote/PLT.US.md) - [PLTU.US](https://longbridge.com/en/quote/PLTU.US.md) - [PLTZ.US](https://longbridge.com/en/quote/PLTZ.US.md) - [PLTW.US](https://longbridge.com/en/quote/PLTW.US.md) - [PLOO.US](https://longbridge.com/en/quote/PLOO.US.md) - [PTIR.US](https://longbridge.com/en/quote/PTIR.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [PLTA.US](https://longbridge.com/en/quote/PLTA.US.md) - [PLTY.US](https://longbridge.com/en/quote/PLTY.US.md) - [PLYY.US](https://longbridge.com/en/quote/PLYY.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) - [XOVR.US](https://longbridge.com/en/quote/XOVR.US.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) ## Related News & Research - ['This Isn't the Time,' Says Investor About SpaceX Stock](https://longbridge.com/en/news/296503573.md) - [Gallagher Capital Advisors LLC Has $1.41 Million Stock Holdings in Palantir Technologies Inc. $PLTR](https://longbridge.com/en/news/296319209.md) - [Where Will SpaceX Stock Be in One Year? 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