ARK Invest executed a major portfolio rebalancing on June 12, 2026. The firm reported these trades on June 13. ARK purchased approximately 3.29 million shares of SpaceX (SPCX) across four ETFs. This investment totaled roughly $444 million. The acquisition occurred on SpaceX's first day of trading as a public company.
The ARK Innovation ETF (ARKK) participated in the purchase. Simultaneously, the firm sold 80,536 shares of Advanced Micro Devices Inc. (AMD). This sale generated approximately $39.3 million.
ARK also reduced its holdings in Tesla, Roku, and Baidu. These trades indicate a strategic shift toward the space technology sector. The move aligns with the firm's focus on disruptive innovation.