Cathie Wood has been aggressively buying SpaceX this week, putting $52 million on the future of Starship, while cutting her semiconductor and streaming holdings—clearly betting on the long-term narrative of hard technology.

Crypto news flash: ARK Invest increased its position in SpaceX stock worth about $52 million over the week ending July 10, while trimming its holdings in semiconductor, streaming, and genomics companies. According to ARK Invest’s latest weekly trading disclosure, Space Exploration Technologies Corp. (SPCX) received the largest capital allocation across multiple exchange-traded funds. In addition, ARK bought shares of Eli Lilly, Meta Platforms, X-Energy, Coinbase Global, and Circle Internet Group, and increased its investments in companies related to healthcare, artificial intelligence, and defense.