Cathie Wood’s Ark Invest increases holdings in both SpaceX and Circle following their second-quarter earnings results, according to multiple outlets. The firm continues to buy the companies after their Q2 reports, with both stocks remaining among the largest positions in Ark’s flagship innovation-focused fund. One report says Ark Invest allocates roughly $17 million toward Circle shares and about $20 million toward SpaceX shares after the earnings update.
One outlet also highlights market reaction to SpaceX’s quarter, noting that the company’s shares fall amid investor concerns about its planned capital expenditures. Specifically, it cites SpaceX’s Q2 capital spending figure of about $18.4 billion as a driver of investor worry, despite revenue growth.
Overall, the reports describe Ark’s activity as part of its broader trading strategy, while also reflecting differing angles on the companies’ fundamentals and near-term market expectations after Q2 earnings.
