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Ark Invest buys Circle and SpaceX shares after Q2 results

The Block says Ark Invest added $17 million in Circle and $20 million in SpaceX holdings following its Q2 update, as SpaceX shares fell amid concerns over $18.4 billion in planned capital expenditures.

Reported · Written up by our desk · Market Structure

The Block reports Cathie Wood’s Ark Invest increased its positions after its Q2 results, adding $17 million to Circle and $20 million to SpaceX shares.

The outlet links the moves to recent investor sentiment around SpaceX after the period, noting SpaceX shares declined as concerns emerged about the firm’s $18.4 billion in capital expenditure for Q2.

While The Block says SpaceX saw revenue growth during the quarter, it also highlights that the scale of planned spending drove renewed worries among investors.

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