Cathie Wood’s Ark Invest has made SpaceX and Circle two of its ten largest positions in the Ark Innovation ETF (ARKK). SpaceX now represents 4.73% of the portfolio with a market value of nearly $282 million, while Circle accounts for 3.90% at approximately $233 million. The manager purchased 181,830 SpaceX shares for about $20 million and 273,343 Circle shares for $17.3 million. Circle reported quarterly revenues of $701 million, up 7%, with USDC circulation reaching $73.3 billion. SpaceX saw revenues surge 92% to $7.8 billion, but its share price fell 13.6% due to heavy capital expenditures of $18.4 billion aimed at AI capabilities.
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