SpaceX Shares Fall Below IPO Price! Cathie Wood Adds Over $16 Million, Buys Nearly $38 Million in First Three Days of the Week

According to the latest data, ARK Investment Management, led by the renowned 'Ark Queen' Cathie Wood, made another major move on Wednesday (the 15th), purchasing a total of 122,807 shares of SpaceX—founded by Elon Musk—through multiple funds including ARKK, ARKQ, ARKW, and ARKX. Valued at the day's closing price of $135.27, the transaction amounted to approximately $16.6 million.

This latest purchase comes as SpaceX's stock faces correction pressure. On Wednesday, the share price briefly dropped to around $132, falling below its IPO price of $135 for the first time and representing a decline of over 30% from its historical high of approximately $225.

Nevertheless, the price weakness did not deter Wood's strategic positioning. Her funds had already acquired approximately $21.3 million worth of SpaceX shares on Monday (the 13th).

In just the first three days of the week, ARK Invest has cumulatively invested nearly $37.9 million in SpaceX, demonstrating Wood's strong conviction in the long-term space economy and the commercial viability of the Starlink business model.

Market observers note that ARK Invest has long been known for its contrarian approach during periods of tech stock volatility. The continued accumulation near SpaceX's post-IPO price break suggests ARK believes the current valuation has entered an attractive range.

As the space industry transitions from pure capital expenditure to revenue realization through satellite internet services, Wood appears to be betting that SpaceX will regain upward momentum in the next technology cycle. Markets are closely watching secondary market trading activity and potential changes in the company's IPO timeline.