SpaceX shares have cratered 45% from their post-IPO peak, falling from roughly $226 to around $124. That’s actually below the $135 IPO price from just a month ago. Cathie Wood, apparently unbothered, spent another $52.1 million buying the dip.
The Elon Musk-led aerospace company listed on Nasdaq on June 12, 2026, under the ticker SPCX. The initial euphoria pushed shares from the $135 IPO price to approximately $226 in short order.
ARK’s half-billion-dollar SpaceX bet
ARK Invest purchased roughly $52.1 million worth of SPCX shares in the week ending July 10, 2026, bringing the firm’s total post-IPO investment in SpaceX to over $475 million. The bulk of that, approximately $444 million, was purchased on IPO day itself.
ARK’s internal models project SpaceX reaching an enterprise value between $2.5 trillion and $3.1 trillion by 2030. The bull case rests on three pillars: reusable rocket technology, the Starlink satellite internet constellation, and the integration of artificial intelligence into computational operations.
