Ark Invest invested $12 million in SpaceX, Elon Musk’s space company. Simultaneously, the asset management firm sold Block Inc. shares worth $2.3 million, Bullish shares worth $1.6 million, and Robinhood shares worth $4 million. The total value of the sales amounts to $7.9 million. These transactions reflect Ark Invest’s strategy of reallocating its investment portfolio.
Source: Read the original article
