Cathie Wood’s ARK Invest adds another $57M to SpaceX, sells $39M stake in AMD
Cathie Wood's ARK Invest is pivoting its portfolio, significantly increasing its position in SpaceX while exiting holdings in AMD.
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The brief
ARK Invest has added $57 million to its holdings in SpaceX. This move comes as SpaceX stock has dropped 45% from its post-IPO high.
Simultaneously, the firm has sold a $39 million stake in AMD. Coverage from Seeking Alpha, Yahoo Finance, and The Motley Fool highlights the scale of the SpaceX acquisitions, while Moomoo reports that Wood is also backing Prime Medicine and selling off Shopify and AtaiBeckley.
Investor's Business Daily notes that the SpaceX additions were made alongside investments in defense names. Future activity may involve further adjustments to ARK's tech and biotech positions as the firm continues to trade holdings in Shopify and AtaiBeckley.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 4h ago.
Quick answers
How much did ARK Invest add to its SpaceX position?
According to coverage, ARK Invest added $57 million to SpaceX.
What other stocks did Cathie Wood sell?
ARK Invest sold a $39 million stake in AMD, and reports indicate the selling of Shopify and AtaiBeckley.
What is the current status of SpaceX stock relative to its high?
The Motley Fool reports that SpaceX stock has plunged 45% from its post-IPO high.
Coverage (5)
- Tracking Cathie Wood: Backing Prime Medicine and SpaceX, Sells Off AtaiBeckley, Shopify Moomoo · 1d ago
- SpaceX (SPCX) Stock Has Plunged 45% From Its Post-IPO High, and Cathie Wood Recently Bought $51 Million of It The Motley Fool · 1d ago
- Cathie Wood's Ark Invest Bought Over $51 Million of SpaceX Stock Last Week Yahoo Finance · 1d ago
- Cathie Wood Adds $18 Million Worth Of SpaceX, These Defense Names Investor's Business Daily · 1d ago
- Cathie Wood’s ARK Invest adds another $57M to SpaceX, sells $39M stake in AMD Seeking Alpha · 1d ago broke it first
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