Ark Invest Bets Big on SpaceX
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Ark Invest Bets Big on SpaceX
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Ark Invest dropped half a billion dollars on SpaceX shares on its IPO day, snagging nearly 3.3 million shares — a major chunk of their portfolio. To fund it, they sold stock from 13 companies totaling $325 million, revealing a strategic pivot toward high-growth sectors like AI and space. This signals a broader market shift away from crypto, even among crypto advocates like Cathie Wood. Ark is bullish on SpaceX, projecting a $2.5 trillion valuation by 2030 — showing their confidence in the company’s future, even as they stay committed to Bitcoin with ambitious targets.
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