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ARK Invest bought nearly $15 million worth of SpaceX yesterday, reducing holdings worth more than $10 million in Robinhood stock.
Golden Finance reported that on July 23, ARK Invest’s funds collectively bought 121.4k shares of SpaceX stock, worth about $121.4k; at the same time, they sold 97.3k shares of Robinhood stock, worth about $15M, continuing the recent trend of reducing holdings. ARK also bought about $97.3k worth of Archer Aviation stock that day.
Earlier news: SpaceX fell by more than 6% at yesterday’s close, setting a new low since its listing.