ARK Investment Management sold approximately $222.87 million in shares across 20 companies on Thursday, according to disclosed exchange-traded fund transactions. The sales occurred one day before the SpaceX initial public offering, scheduled to debut on U.S. markets on Friday at a $135 per share price and $1.77 trillion valuation. The largest single transaction involved semiconductor manufacturer Teradyne Inc., with ARK divesting $76.6 million in shares across three funds. The timing of the sales has prompted market speculation given ARK founder Cathie Wood's public support for SpaceX CEO Elon Musk and the fund's existing holdings in the aerospace company.
ARK Divests $76.6 Million in Teradyne Shares Across Three Funds
The Teradyne sale represented the largest transaction in Thursday's portfolio reshuffling. ARK sold shares across its flagship ARK Innovation ETF (ARKK), the Autonomous Technology & Robotics ETF (ARKQ), and the ARK Space & Defense Innovation ETF (ARKX). Additional divestments included Twist Bioscience Corp., Iridium Communications Inc., and Robinhood Markets Inc., totaling $64.2 million combined. Wood's funds also reduced positions in Roku, L3Harris Technologies, Baidu, Archer Aviation, BWX Technologies, and Cerus.
![ARK Investment trades snapshot]()
Source: Ark Invest | Snapshot of some of the trades from Thursday
SpaceX IPO Priced at $135 Per Share With Friday Debut
SpaceX's initial public offering is priced at $135 per share at a $1.77 trillion valuation. The company is set to debut on U.S. markets on Friday. Sam Badawi, host of The Solid Report on WOLF Financial, wrote on X that "Cathie Wood could be a notable buyer of SPCX following its IPO tomorrow, given the stock's fit with ARKK's focus on disruptive innovation and space-related themes."
SpaceX Represents 11.38% of ARK Venture Fund as of May 2026
As of May 2026, SpaceX accounted for approximately 11.38% of ARK Venture Fund's net assets, representing the fund's largest position. This holding exceeds the fund's positions in OpenAI and Anthropic. ARK has not indicated that Thursday's sales were intended to fund additional SpaceX purchases.
Retail Sentiment Reaches Extremely Bullish Territory Ahead of IPO
Retail sentiment around the SPCX ticker has held in "extremely bullish" territory over the past week on Stocktwits. Chatter surged 663% in the past 24 hours and 9,194% over the past month. Two analysts hold "Buy" ratings on SPCX, per Koyfin, with a consensus price target implying the stock is trading at a 3% discount to fair value.
FAQ
How much did ARK Investment Management sell on Thursday?
ARK Investment Management sold approximately $222.87 million in shares across 20 companies on Thursday, with the largest transaction involving $76.6 million in Teradyne shares.
What is the pricing for the SpaceX IPO?
The SpaceX initial public offering is priced at $135 per share at a $1.77 trillion valuation, with a scheduled debut on U.S. markets on Friday.
What percentage of ARK Venture Fund does SpaceX represent?
As of May 2026, SpaceX accounted for approximately 11.38% of ARK Venture Fund's net assets, making it the fund's largest position.
