ARK drops $440 million to buy SpaceX! Did they even sell Rocket Lab? 🚀
Ark Invest made a massive move on SpaceX's IPO day, scooping up 3.29 million shares worth around $443 million, making it the largest holding in the ARKX ETF 📊
To fund the SpaceX buy, ARK also offloaded tech stocks like AMD, Tesla, and Rocket Lab, cashing in over $2.2 billion 💸
The kicker is—SpaceX revealed in its IPO filing that it holds 8,300 bitcoins (about $650 million) 🪙 The aerospace giant turned Bitcoin holder, bet you didn't see that coming?
Additionally, Rocket Lab, as SpaceX's competitor in the space sector, was completely liquidated by ARK, proving that capital really flows to the leaders 👑
#SpaceX #ARKX #Bitcoin #BTC #ArkInvest