Cathie Wood’s Ark Invest ramped up its SpaceX holdings with approximately $52.1 million in new purchases during the week ended July 10, while also adding to positions in Coinbase and Circle, according to the firm’s latest trading disclosures. The move extends a pattern of aggressive accumulation of the newly public aerospace company, which had already seen Ark deploy roughly $444.3 million on its June 12 IPO and an additional $32.5 million after a post-listing dip.
Simultaneously, a separate report from Apex Fintech Solutions revealed that retail investors across all generations piled into SpaceX to the tune of $1.25 billion in net buying across nearly 2.2 million trades during the second quarter, making it the most heavily bought stock. The retail rotation was equally striking for what it sold: Tesla emerged as the largest net sell, while energy and commodity winners from earlier in the year—such as Chevron, ConocoPhillips, and Newmont—were reduced. Instead, capital flowed into AI infrastructure themes, particularly memory-chip makers like Micron, SanDisk, and Western Digital.
Ark’s latest moves also included fresh purchases of Coinbase Global and Circle Internet Group, signaling continued conviction in crypto-related equities. Cathie Wood told Fox Business earlier this month that SpaceX held a “10-year lead” over rivals, with Ark’s model projecting a $2.5 trillion base-case enterprise value by 2030. The Apex data underscored cross-generational demand for the stock, with SpaceX ranking among the top 25 holdings for Gen Z, Millennials, Gen X, and Boomers alike. The two reports collectively illustrate a broader market narrative shift—from geopolitical risk and commodity spikes toward structural tech and AI infrastructure, with crypto equities benefiting from the rebalancing.
