ARK keeps buying the SpaceX dip

ARK Invest reportedly bought about 50,000 more $SPCX shares this week, marking its third dip purchase since the IPO.
Cathie Wood’s firm spent roughly $8 million across two trading days.
The pattern is becoming the story. ARK bought on IPO day, added during the late-June selloff, and bought again this week.
Each purchase has been funded by selling other holdings, including major stock sales on IPO day, $AMD and Roku sales during the June buy, and roughly 570,000 Alibaba shares this week.
ARK has now deployed well over $500 million into SpaceX since June 12.
$SPCX has become the fourth-largest position across the buying funds, near 4.5% of those portfolios.
The bigger signal is that ARK is not just adding SpaceX exposure. It is reshaping parts of the portfolio around the SpaceX thesis.