{"id":21751,"date":"2026-07-18T11:18:33","date_gmt":"2026-07-18T11:18:33","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/07\/18\/cathie-wood-buys-spacex-dip-after-stock-sinks-to-post-ipo-low\/"},"modified":"2026-07-18T11:18:33","modified_gmt":"2026-07-18T11:18:33","slug":"cathie-wood-buys-spacex-dip-after-stock-sinks-to-post-ipo-low","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/07\/18\/cathie-wood-buys-spacex-dip-after-stock-sinks-to-post-ipo-low\/","title":{"rendered":"Cathie Wood buys SpaceX dip after stock sinks to post-IPO low"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"is-style-lead\">Cathie Wood\u2019s ARK Invest has bought $18.3 million of SpaceX shares after the stock fell 5.43% to a new post-IPO low, according to the firm\u2019s July 17 trading report.<\/p>\n<div id=\"cn-block-summary-block_238b0ee35c92be2dff29306e24c2008f\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>ARK Invest bought $18.3 million of SpaceX shares after the stock hit a post-IPO low.<\/li>\n<li>Four ARK ETFs acquired 147,623 shares as SpaceX closed 8.2% below its IPO price.<\/li>\n<li>SpaceX delayed Starship Flight 13 after two Raptor engines failed during pre-flight testing.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to ARK\u2019s daily disclosure, four of its actively managed exchange-traded funds purchased a combined 147,623 SpaceX shares as the stock closed Friday at $123.99. During the session, shares dropped as low as $122.12.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1018\" height=\"491\" src=\"https:\/\/media.crypto.news\/2026\/07\/Screenshot-2026-07-18-162927.webp\" alt=\"SpaceX stock drops 5.43% to close at $123.99 after briefly falling near $122.50.\" class=\"wp-image-14473556\" srcset=\"https:\/\/media.crypto.news\/2026\/07\/Screenshot-2026-07-18-162927.webp 1018w, https:\/\/media.crypto.news\/2026\/07\/Screenshot-2026-07-18-162927-300x145.webp 300w, https:\/\/media.crypto.news\/2026\/07\/Screenshot-2026-07-18-162927-768x370.webp 768w, https:\/\/media.crypto.news\/2026\/07\/Screenshot-2026-07-18-162927-880x424.webp 880w\" sizes=\"auto, (max-width: 1018px) 100vw, 1018px\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/finance.yahoo.com\/quote\/SPCX\/\" target=\"_blank\" rel=\"nofollow\">Yahoo Finance<\/a><\/figcaption><\/figure>\n<p>The ARK Innovation ETF made the largest purchase, adding 95,129 shares worth about $11.8 million based on Friday\u2019s closing price. ARK\u2019s Autonomous Technology &amp; Robotics ETF bought 30,464 shares valued at $3.78 million, while its Space Exploration &amp; Innovation ETF added 12,611 shares worth around $1.56 million.<\/p>\n<p>Completing the purchase, the ARK Next Generation Internet ETF acquired another 9,419 SpaceX shares valued at approximately $1.17 million, according to the same disclosure.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"\/>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">ARK adds to its SpaceX position below the IPO price<\/h2>\n<p>Friday\u2019s purchase has extended a series of SpaceX investments made by Wood\u2019s firm since the company entered the public market in June.<\/p>\n<p>As crypto.news previously <a href=\"https:\/\/crypto.news\/cathie-wood-defies-spacex-stock-slump-a-fresh-51m-bet\/\" target=\"_blank\">reported<\/a>, ARK bought roughly $52.1 million of SpaceX shares during the week ending July 10 through the ARKK, ARKQ, ARKW and ARKX funds. Data from Ark Invest Tracker showed that those purchases lifted the firm\u2019s investment since the June IPO above $475 million.<\/p>\n<p>Ark Invest Tracker also reported that ARK <a href=\"https:\/\/crypto.news\/cathie-woods-ark-adds-444m-in-spacex-while-cutting-amd-stake\/\" target=\"_blank\">acquired about $444 million<\/a> of SpaceX stock around the company\u2019s June 12 market debut. Its latest purchase came with the shares trading 8.2% below their $135 offer price, based on Friday\u2019s closing value.<\/p>\n<p>While adding to SpaceX, ARK reduced its exposure to Robinhood Markets during the same trading session. The firm\u2019s report showed that ARKW sold 20,089 Robinhood shares and ARKK disposed of another 5,913 shares.<\/p>\n<p>Robinhood ended Friday at $99.96 after losing 5.72% during the session. ARK\u2019s disclosure did not provide a reason for selling the 26,002 shares.<\/p>\n<h2 class=\"wp-block-heading\">Starship delay adds pressure to SpaceX shares<\/h2>\n<p>As crypto.news <a href=\"https:\/\/crypto.news\/spacex-stock-sinks-post-ipo-low-starship-launch-abort\/\" target=\"_blank\">reported<\/a>, SpaceX\u2019s latest decline followed the cancellation of Starship Flight 13 shortly before its scheduled launch. According to the report, at least two Raptor engines on the Super Heavy booster failed to ignite during pre-flight testing, prompting the company to stop the mission minutes before liftoff.<\/p>\n<p>Elon Musk later stated that SpaceX would replace the affected engines. The company subsequently rescheduled Flight 13 for July 20 at 6:45 p.m. ET.<\/p>\n<p>Commenting on the stock\u2019s decline, cognitive scientist Gary Marcus linked the latest weakness to rising doubts about Musk\u2019s performance. Marcus expected another record low to be more likely than a sudden and much larger collapse, according to his assessment cited in the report.<\/p>\n<p>Tesla investor Sawyer Merritt offered a different view, arguing that traders had overreacted to a short operational delay. Merritt maintained that postponing the launch by several days did not represent a serious setback for SpaceX.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/cathie-wood-buys-spacex-after-stock-sinks-post-ipo-low\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cathie Wood\u2019s ARK Invest has bought $18.3 million of SpaceX shares after the stock fell 5.43% to a new post-IPO low, according to the firm\u2019s July 17 trading report. Summary ARK Invest bought $18.3 million of SpaceX shares after the stock hit a post-IPO low. Four ARK ETFs acquired 147,623 shares as SpaceX closed 8.2% [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-21751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/21751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=21751"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/21751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/20598"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=21751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=21751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=21751"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=21751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}