Ark Invest buys $500 million worth of stock on SpaceX's first day of listing and adjusts its investment portfolio

According to CoinDesk, Cathie Wood's Ark Invest bought approximately 3.3 million shares worth over $500 million on SpaceX's first day of trading, closing at $160.95, up 19.2% from the issue price of $135. Ark Invest sold nearly $280 million worth of other company stocks a week before going public, and sold approximately 948000 shares on the day of listing, involving 13 companies including AMD, Roku, and Baidu. ARK Innovation ETF is the main buyer, with SpaceX accounting for 3.28% of its investment portfolio. Ark Invest's 2030 enterprise value target for SpaceX is $2.5 trillion, with an optimistic scenario of approximately $3.1 trillion.