The IPO not only marked a historic financing milestone but also highlighted SpaceX’s market leadership and scale.

ARK rotated out of Rocket Lab and trimmed RKLB positions across ARKQ and ARKX on the same day SpaceX went public, signaling a strategic shift toward SpaceX.

ARK purchased 3,291,184 shares of SpaceX’s SPCX across ARK ETFs, totaling about $444.31 million, underscoring rising conviction in SpaceX’s technology trajectory.

SpaceX had been a major ARK Venture Fund position, once accounting for more than 11% of net assets, with ARK citing reusable rocket tech as a driver of lower launch costs.

Beyond SpaceX moves, ARK also sold positions in CrowdStrike, Cloudflare and Veracyte as part of a broader portfolio realignment.

Other prominent disposals included Baidu, Tesla, Rocket Lab and 10X Genomics, with precise share counts and dollar values disclosed.

The offering sold 555.6 million shares to reach the $75 billion total.

The two-day sequence of large trades enabled ARK to expand SpaceX exposure while freeing capacity through concurrent divestitures elsewhere within the ETF lineup.

ARK liquidated about $39.34 million in AMD holdings across three ETFs as part of the rebalancing.

SpaceX’s IPO raised $75 billion, setting a record as the largest initial public offering in history.

ARK sold 98,835 shares of Roku (ROKU) via ARKK for roughly $11.82 million, continuing a trend of trimming Roku exposure.

ARK reduced its AMD stake by selling 80,536 shares across ARKQ, ARKW, and ARKX, totaling about $39.34 million, signaling a move away from certain semiconductor bets.