Ark Invest bought over $500 million worth of SpaceX stock on its first day of trading.

CoinFeed reported on June 15th that, according to CoinDesk, Cathie Wood's Ark Invest purchased nearly 3.3 million shares of SpaceX on its first day of trading, worth over $500 million. The stock closed at $160.95, a 19.2% increase from the IPO price of $135. Ark sold nearly $280 million worth of other company stocks in the week leading up to the IPO, and then sold approximately 948,000 shares on the first day, involving 13 companies including AMD, Roku, and Baidu. The ARK Innovation ETF (ARKK) was the primary buyer, with SpaceX accounting for 3.28% of its portfolio. Ark's 2030 enterprise value target for SpaceX is $2.5 trillion, with an optimistic scenario of approximately $3.1 trillion.