SPCX
Cathie Wood’s “buy the dip” button is stuck on max
ARK Invest is still treating SpaceX like a clearance rack find. On Monday, the firm bought another 124,543 shares worth about $14.1 million across ARKK, ARKQ, ARKW, and ARKX, adding to a position that’s already been built aggressively since the company went public.
The timing is classic Cathie: the stock is getting walloped, and she’s reaching for the shopping cart.
The stock is melting, but ARK is nibbling harder
SpaceX has now fallen nearly 50% from its June high, and the article says it has erased more than $1.2 trillion in market value. That’s not a typo, that’s a full-on gravity event. Even so, ARK has reportedly put more than $475 million into SpaceX since the IPO and hasn’t sold a single share from its public ETFs.
That kind of conviction tells you a lot. Either ARK sees a generational winner, or it’s betting the market is way too gloomy on the company’s long-term story.
Two dates that could shake the stock
Investors get a pair of potential shake-ups soon:
- SpaceX reports its first earnings as a public company on Aug. 4
- About 911.5 million shares are expected to become eligible for sale on Aug. 6 when the first lockup tranche expires
That second date matters because more float can mean more selling pressure, more volatility, and more drama. Basically: the stock could go from roller coaster to full-on theme park ride.
Big picture
Wood is signaling that she thinks the post-IPO slump is a chance to build, not a warning sign to flee. For investors, the real question is whether SpaceX’s business momentum can outrun the market’s fear — or whether the lockup expiration turns this dip into a deeper crater.