Ark Invest Boosts SpaceX, AI Cloud and Crypto Stakes While Cutting Roblox and Palantir
Ark Invest’s suite of actively managed ETFs added sizable positions in SpaceX, Circle Internet Group and Coinbase during the first week of August, while trimming exposure to Roblox, Palantir and several other software and industrial stocks. The firm bought a total of 316,963 shares of SpaceX across its ARK funds, spending roughly $36.9 million as the newly listed stock rebounded from a post‑earnings dip. Purchases were split between 181,830 shares on August 5 at $108.27 and a second batch on August 7 after the price recovered.
Crypto‑related holdings also grew. Ark accumulated 610,177 shares of Circle for about $39 million, buying 273,343 shares on August 5 and 313,764 shares on August 7 despite a quarterly revenue miss. The company’s USDC stablecoin circulation rose 19 % year‑over‑year to $73.3 billion, and on‑chain transaction volume jumped 151 % to $14.8 trillion. Coinbase added 114,444 shares valued at roughly $17 million, and Block (formerly Square) saw a purchase of 267,676 shares worth $21 million.
The manager continued to pile into AI infrastructure, acquiring 169,616 shares of CoreWeave and 65,677 shares of Cerebras Systems, each investment exceeding $13 million. An additional 80,415 shares of NVIDIA were bought for about $17.6 million, reinforcing Ark’s bet on the semiconductor foundation of generative‑AI workloads.
Conversely, Ark sold its largest holding, Roblox, disposing of 2.64 million shares for an estimated $96 million, with a notable 1.6 million‑share sale on August 7. Shopify shares were reduced by 206,205 units, valued at roughly $35 million, and Palantir exposure fell by about $21 million. Smaller divestments included AMD, Snowflake, CrowdStrike and several biotech and industrial firms.
These moves highlight Ark’s shifting focus toward sectors it views as primary growth drivers—space launch services, AI compute capacity and digital‑currency ecosystems—while de‑risking from consumer‑focused software and hardware names that have underperformed. The reallocation underscores broader market trends where investors are reallocating capital toward infrastructure that underpins next‑generation AI and blockchain applications.
