According to ARK's trade disclosures, the firm purchased a combined 3,291,184 SpaceX shares across four of its ETFs on Friday (June 13), the stock's Nasdaq debut day. The SpaceX IPO raised $75 billion from the sale of 555.6 million shares, making it the largest public market debut in history, with the position largest in the ARK Space Exploration & Innovation ETF (ARKX), representing 6.89% of the fund.
On the same trading day, ARK trimmed its Rocket Lab (RKLB) position across ARKQ and ARKX. In a recent SEC filing, SpaceX identified Rocket Lab as a competitor operating in the small-lift launch market.