ARK Invest Unloads Roku Stake While Increasing Tesla (TSLA) and SpaceX Holdings

Key Highlights

• ARK Invest purchased 54,815 shares of Tesla valued at approximately $21.9 million on Thursday
• By June 12, ARK’s SpaceX holdings reached approximately 3.29 million shares following the company’s IPO
• SpaceX shares declined 5% on Wednesday and an additional 3.6% on Thursday, settling at $185 after peaking at $225.64
• ARK divested 721,279 Roku shares valued at approximately $99 million
• ARK acquired 223,690 Snowflake shares worth approximately $52.4 million

Cathie Wood’s investment firm ARK Invest re-entered Tesla on Thursday following a previous week’s divestment. This strategic move followed closely on the heels of ARK’s significant investment in SpaceX during its initial public offering.

On June 18, ARK accumulated 54,815 Tesla shares distributed across two of its exchange-traded funds. The acquisition was divided between the ARK Innovation ETF and the ARK Next Generation Internet ETF, representing approximately $21.9 million based on Tesla’s session close at $400.49.

Tesla, Inc., TSLA

Within ARK Innovation, Tesla maintains its position as the largest holding, accounting for 9.7% of total assets. In the ARK Next Generation Internet fund, it ranks as the second-largest position at 8.6%.

This Tesla acquisition followed ARK’s decision to reduce its stake during the preceding week. The earlier sale appeared designed to accommodate SpaceX, which launched its public offering on June 12.

SpaceX Holdings at ARK

As of June 12’s close, ARK controlled approximately 3.29 million SpaceX shares distributed throughout multiple ETFs. Whether these shares were obtained via IPO allocation, secondary market transactions, or what acquisition price ARK secured remains undisclosed.

SpaceX experienced a robust debut following its $135 IPO pricing. The stock surged to an intraday peak of $225.64, representing a 67% increase. However, momentum reversed with a 5% decline on Wednesday followed by a 3.6% drop on Thursday, finishing at $185.

Brett Winton, ARK’s Chief Futurist, published analysis this week suggesting SpaceX could emerge as a competitive force in artificial intelligence by leveraging orbital server infrastructure to deliver more economical computing power than terrestrial competitors.

Wood has consistently characterized Tesla as transcending its electric vehicle identity. ARK’s investment thesis emphasizes autonomous taxi services, robotics applications, and energy storage solutions. The firm maintains a $2,600 price projection for Tesla shares by 2029.

Roku Divestment and Snowflake Expansion

Roku emerged as the most actively traded security in ARK’s Thursday transactions. The firm liquidated 721,279 shares generating roughly $99 million in proceeds. This sale extended an ongoing trend of position reduction in Roku throughout recent trading sessions.

On the acquisition front, ARK also secured 223,690 Snowflake shares representing approximately $52.4 million in investment. This purchase demonstrates sustained conviction in the cloud-based data platform provider.

Within the biotechnology sector, ARK expanded positions in Eli Lilly, Generate Biomedicines, and Alamar Biosciences. Conversely, the firm reduced holdings in Strata Critical Medical, Twist Bioscience, and Baidu.

The trading activity illustrates ARK’s deliberate reallocation from Roku toward Tesla, SpaceX, and Snowflake.

SpaceX concluded its inaugural trading week beneath its intraday peak but maintained substantial gains above its IPO pricing. ARK’s stake positions it among the more significant institutional shareholders of the recently public aerospace company.

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