Business • July 29, 2026, 3:28AM EDT

Ark Invest buys $12 million in SpaceX as it trims Block, Bullish and Robinhood holdings

Quick Take

Cathie Wood’s Ark Invest purchased $12.2 million worth of SpaceX on Tuesday.
The firm also sold $2.3 million worth of Block Inc. shares, $1.6 million worth of Bullish, and $4 million worth of Robinhood.

Cathie Wood-led investment firm Ark Invest bought $12.2 million worth of SpaceX shares on Tuesday, while trimming its holdings of Block Inc., Bullish and Robinhood.

According to Ark's Tuesday trading disclosure, the firm purchased 105,108 shares of SpaceX across its multiple exchange-traded funds. SpaceX's stock rose 2.56% to close at $116.41 on the day, and has fallen 29% over the past month.

Ark also added $289,167 worth of Bitmine shares and approximately $32,667 worth of the 3iQ Solana Staking ETF.

Meanwhile, the investment firm offloaded $2.3 million worth of Block Inc. shares, $1.6 million worth of Bullish, and $4 million worth of Robinhood.

Block Inc. finished the session up 2.29% at $83.10, while Bullish slipped 0.48% to $22.69 and Robinhood fell 3% to $92.76.

Ark actively adjusts its ETF holdings so that no single stock exceeds 10% of a fund's portfolio. This means Ark would rebalance weightings when the value of certain assets fluctuates significantly.

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