Cathie Wood’s ARK Invest has significantly increased its exposure to SpaceX, purchasing 3.29 million shares. This move cements the Elon Musk-founded company as the single largest position in the ARK Venture Fund.
The acquisition aligns with SpaceX’s recent filing of a confidential draft S-1 on April 1, signaling preparations for a Nasdaq debut. The company is targeting a valuation that could reach $1.75 trillion, positioning it among the world's most valuable enterprises.
SpaceX already represented 11.38% of ARK Venture Fund’s net assets as of May 31. ARK first entered the private market in late 2023 when valuations sat below $200 billion. Since then, the firm has expanded its stake through various transactions, including a merger with xAI in early 2026.
ARK’s internal models project an enterprise value of approximately $2.5 trillion by 2030 under base case scenarios, with bull cases stretching toward $3.1 trillion. Even conservative estimates place the value near the initial IPO price.
This strategy highlights a broader shift in wealth creation, allowing retail investors access to pre-IPO opportunities typically reserved for institutional players. However, concentration risk remains high, and liquidity constraints persist until the public listing occurs.