ARK Invest, the fund managed by Cathie Wood, bought about $100 million worth of Nvidia and SpaceX shares in a single day. On September 29, 2026, the fund acquired 356,681 Nvidia shares for nearly $81.6 million, making it the firm’s largest single-name purchase during the period studied. On November 4, it bought 348,406 SpaceX shares for approximately $47.4 million across the ARKK, ARKQ and ARKW funds. ARK took advantage of a 3.8% decline in SpaceX stock following the US midterm elections, which gave Democrats control of Congress. These purchases came despite ARK selling SpaceX shares in October and underscore the fund’s exposure to artificial intelligence and the space sector.
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