ARK Invest Eyes SpaceX Windfall From $1.75 Trillion IPO
Updated
Updated · Business Insider · Jun 11
ARK Invest Eyes SpaceX Windfall From $1.75 Trillion IPO
3 articles · Updated · Business Insider · Jun 11
Summary
$1.75 trillion is the valuation SpaceX is targeting in an IPO that could deliver ARK Invest its biggest payoff yet through the top holding in its $1 billion venture fund.
ARK first bought SpaceX in late 2023 at under $200 billion, added in 2025, and increased exposure again through xAI's merger with the rocket company earlier this year.
The potential gain would help validate Cathie Wood's long-term, high-conviction strategy after ARK's flagship ETFs lost 67% in 2022 and their assets fell roughly two-thirds from post-pandemic peaks.
ARK says more upside could follow if other major private holdings including OpenAI and Anthropic also go public, though Morningstar still flags the firm's wide outcome range and risk-management concerns.