ARK went in and pushed in $440 million on day one; SpaceX’s valuation jumped even faster than a rocket, and the $160 close was at least giving it some respect.

CoinWorld News: Cathie Wood’s ARK Investment increased its holdings of SpaceX shares by approximately $444 million on June 12, while reducing its investment in AMD. According to ARK Invest Tracker data, the firm purchased a total of 3,291,184 SpaceX shares across its ARKK, ARKQ, ARKW, and ARKX exchange-traded funds, for a total transaction value of approximately $444.3 million. This added stake was a major investment decision by ARK Investment on SpaceX’s first day of trading. SpaceX’s IPO was priced at $135 per share, valuing the company at approximately $1.77 trillion. On its first trading day, the company’s stock price reached a high of $176.52, before closing at $160.95, with a market capitalization exceeding $2.1 trillion.