Wu Shuo learned that ARK Invest’s funds collectively bought 121.4k shares of SpaceX worth about $121.4k; meanwhile, they sold 97.3k shares of Robinhood worth about $15M, continuing the recent trend of reducing holdings. ARK also bought about $97.3k worth of Archer Aviation stock, an electric aircraft company, that day.

SPCX-6.63%
HOOD-1.77%
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BlueChipMuseum
· 7h ago
Selling Robinhood to buy SpaceX is a typical “rebalance and switch sectors” move, and I’m bullish long term.
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OrigamiMountainsAndRivers
· 7h ago
$14.99 million to buy SpaceX—though it’s not a huge amount, the signal is strong. Musk’s got this.
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SybilCleaner
· 7h ago
Robinhood has been continuously reduced, and it seems ARK has completely lost faith in retail trading platforms.
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InsiderHunter
· 7h ago
Electric flight concepts are trending again—can Archer ride this wave of trend-following successfully?
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