Cathie Wood's Ark Invest concentrated fresh capital in space, artificial-intelligence infrastructure and autonomous technology during the final week of July, led by a roughly $26 million purchase of SpaceX (NASDAQ:SPCX) ahead of the rocket company's first earnings report since its public-market debut.
Ark acquired more than 358,000 SpaceX shares across the ARK Innovation ETF (ARKK), ARK Space Exploration & Innovation ETF (ARKX), ARK Autonomous Technology & Robotics ETF (ARKQ) and ARK Next Generation Internet ETF (ARKW). The trade made SpaceX Ark's largest purchase of the week and reinforced space and defense as two of Wood's highest-conviction themes.
Ark also bought approximately $15.5 million of CoreWeave NASDAQ:CRWV after the AI-cloud provider's shares fell about 15% before rebounding. The firm added $14.3 million of Tesla NASDAQ:TSLA as the electric-vehicle maker touched a new 52-week low, signaling that Wood remains willing to buy into sharp weakness.
Semiconductor exposure also increased. Ark purchased about $8.2 million each of Nvidia NASDAQ:NVDA and Taiwan Semiconductor Manufacturing NYSE:TSM, while adding $8.6 million of Meta Platforms NASDAQ:META following its post-earnings decline.
Aerospace purchases included Kratos Defense & Security Solutions (KTOS), BWX Technologies (BWXT), Rocket Lab (RKLB), Intuitive Machines (LUNR) and L3Harris Technologies (LHX).
On the sell side, Ark trimmed roughly $12.7 million of Shopify (SHOP), its largest disclosed reduction. It also cut Snowflake NYSE:SNOW, Robinhood Markets (HOOD), Alphabet NASDAQ:GOOGL, Amazon NASDAQ:AMZN, Roblox NYSE:RBLX, Block (XYZ) and Figma (FIG).
The trading pattern shows Ark rotating capital away from selected software and e-commerce holdings and toward businesses tied to AI computing, commercial space, defense systems and autonomy. SpaceX's earnings debut now becomes the most immediate test of whether Wood's largest weekly purchase was opportunistic or premature.