ARK Invest Sells $163M in Stock — Including Roku and AMD — to Fund Its SpaceX IPO Bet (June 2026)
Cathie Wood’s ARK Invest sold roughly $163 million worth of stock in mid-June 2026 — led by Roku and AMD — to help finance its aggressive new position in SpaceX following the rocket company’s record-breaking IPO. The move was part of a rebalancing in which ARK trimmed long-time tech holdings to redirect capital into what Wood calls a transformational bet. Here’s what ARK sold, the SpaceX numbers behind it, and why analysts are divided.
What did ARK Invest sell?
ARK sold about $163 million in stock, with Roku and AMD the two largest sales, alongside smaller trims across several holdings. Beyond Roku and AMD, the firm also reduced positions in Tesla, 10X Genomics and Amazon, among others, according to analyses of ARK’s daily trade disclosures reported by Investor’s Business Daily and Investing.com.
One important caveat: the exact share counts and dollar values differ between outlets, so the figures below are directional rather than precise.
| Stock | Role in sale | Reported value (approx.) |
|---|---|---|
| Roku (ROKU) | Largest sale | ~$78–95 million |
| AMD (AMD) | Second-largest | ~$16–72 million (varies) |
| Tesla (TSLA) | Trim | ~$18 million |
| 10X Genomics | Trim | ~$15 million |
| Amazon (AMZN) | Trim | ~$11 million |
This was not a one-off. ARK had already sold an estimated $327 million worth of stock the week before SpaceX’s debut, then deployed capital into the rocket company on its first trading day. The pattern — selling other holdings to fund a single high-conviction position — reflects ARK’s active-management style of trimming winners to chase its innovation thesis.
The scale of the rotation is the real story. ARK raised about $163 million from these sales but deployed far more into SpaceX:
| Action | Approx. amount |
|---|---|
| Stock sold (this round) | ~$163 million |
| Stock sold (week before IPO) | ~$327 million |
| SpaceX shares bought (IPO day) | ~3.3 million shares, $440–530 million |
Why is ARK buying so much SpaceX?
ARK views SpaceX as a transformational, multi-trillion-dollar opportunity and bought in heavily on day one. On the day SpaceX went public, ARK acquired around 3.3 million shares across multiple ETFs, instantly becoming one of the largest public shareholders. ARK’s published guidance projects SpaceX could reach an enterprise value of roughly $2.5 trillion or more by 2030, driven by its Starlink satellite business and its merged xAI unit.
What were the SpaceX IPO numbers?
SpaceX’s IPO was the largest in history. The company sold 555.6 million shares at $135 each to raise about $75 billion, valuing it at roughly $1.75 trillion — about three times the size of the previous record, Saudi Aramco’s 2019 listing.
The day-one trading numbers, all from major financial outlets:
| Metric | Value |
|---|---|
| Ticker / exchange | SPCX / Nasdaq |
| IPO price (11 June) | $135 |
| Open (12 June) | $150 (+11%) |
| Close (12 June) | $160.95 (+19%) |
| IPO valuation | ~$1.75 trillion |
| Amount raised | ~$75 billion |
| Retail allocation | ~30% |
SpaceX opened at $150 and closed its first day at $160.95, a gain of about 19%. Notably, the offering reserved around 30% of shares for retail investors — far above the usual 5–10% — which some analysts warned could create selling pressure as early buyers take profits.
Why are analysts split on SpaceX?
Analysts disagree sharply on whether SpaceX is worth its valuation. Morningstar pegs fair value near $600–800 billion — less than half the IPO valuation — and suggests the stock is priced for years of flawless growth. ARK, on the other end, projects $2.5–3.1 trillion by 2030.
The bull case rests on Starlink, which reported $11.4 billion in 2025 revenue and grew to over 10 million subscribers. The bear case points to heavy losses elsewhere: SpaceX’s AI segment lost billions in 2025, and the company carries a dual-class structure leaving Musk with 82%+ voting control and ordinary shareholders little say.
How is ARK’s own track record?
ARK’s flagship fund has underperformed badly, which is the context for its high-risk pivot. The ARK Innovation ETF was down 2.85% in 2026 while the S&P 500 rose 8.56%, and over the five years to June 2026 it posted an annualized loss of about 8% versus nearly 12% annual gains for the S&P. Between 2014 and 2024, Morningstar calculated the fund destroyed about $7 billion in shareholder value — the third-largest of any fund.
That backdrop matters: ARK is making a concentrated, speculative bet on SpaceX at a time when its broader strategy has struggled to keep pace with a simple index fund.
The bottom line
ARK sold roughly $163 million in stock — led by Roku and AMD — to feed a SpaceX position worth several times that, betting that the record-setting IPO is the start of a multi-trillion-dollar run. The SpaceX numbers are historic, but the valuation is contested, with Morningstar seeing fair value at less than half the IPO price. As always with a single high-conviction bet, the upside ARK is chasing comes with real concentration risk.
This article is news reporting, not investment advice, and the author is not a financial advisor. Figures are drawn from public reporting of ARK’s trade disclosures and may vary by source; market values change constantly. Do your own research before making any investment decision.