ARK Invest purchased approximately 3.3 million shares of SpaceX during its IPO, amassing a stake valued at over $500 million. SpaceX shares, initially priced at $135, surged to $160.95 by the close of trading, marking a 19.2% increase on their first day. The ARK Innovation ETF (ARKK) was the primary buyer, with SpaceX shares comprising 3.28% of its portfolio by day's end. To fund the acquisition, ARK Invest liquidated nearly $280 million in stock prior to the IPO and sold an additional $48 million worth of shares in 13 companies, including Advanced Micro Devices, Roku, and Baidu, on the day of the listing. The successful IPO, the largest in history, reflects renewed institutional interest in high-beta innovation sectors, with AI and space companies like OpenAI and Anthropic also preparing to go public.