Cathie Wood's ARK funds keep buying SpaceX as others sell

ARK Investment Management, led by Cathie Wood, has sold a range of crypto‑related holdings—including BitMine, Block, and Robinhood—while maintaining long positions in Circle and Coinbase. At the same time, Wood’s funds have continued to accumulate shares of SpaceX, bringing the total stake to just under $500 million. This makes SpaceX the third‑largest holding in ARK’s portfolio after Tesla and AMD, and the position could soon rise to second place if the stock price climbs modestly.

The recent trading activity also shows ARK buying shares in companies such as Taiwan Semiconductor Manufacturing (TSMC), Kratos Defense, and several technology and biotech firms, indicating a broader shift toward traditional tech and aerospace assets despite a broader market sell‑off of SpaceX shares.