Woofun AI reports that ARK Invest acquired $18.3 million worth of SpaceX shares on July 17, following a price decline below the initial public offering level. The firm’s four actively managed ETFs collectively bought 147,623 shares when the stock closed at $123.99 and hit an intraday low of $122.12.

As of the week ending July 10, ARK held approximately $51.0 million in SpaceX-related stocks across its ARKK, ARKQ, ARKW, and ARKX funds. This latest transaction brings the total investment in SpaceX to over $475 million since the company went public in June.