ARK Invest's Role in SpaceX IPO Highlights Active Management Benefits
ARK Invest participated in SpaceX's IPO on June 12, 2026, with a target price of $135 per share, marking a valuation of $1.75 trillion. This event represents the largest IPO in history, surpassing Saudi Aramco's debut in 2019, showcasing the strategic advantage of active management in capital markets.
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On June 12, 2026, SpaceX (Nasdaq: SPCX) went public at a target price of $135 per share, achieving a valuation of approximately $1.75 trillion. ARK Invest, through three actively managed UCITS ETFs, held significant stakes in this IPO: ARK Space Defence Innovation UCITS ETF (ARKX) at 7.97%, ARK Innovation UCITS ETF (ARKK) at 4.13%, and ARK Artificial Intelligence & Robotics ETF (ARKI) at 3.23%.
ARK's involvement stems from a long-term relationship dating back to 2014, with nine private market investments since 2023, enabling deep insights into SpaceX's business model. The firm's active management approach allowed them to establish positions from the IPO's first trading day, unlike passive ETFs, which face restrictions under Nasdaq's 'Fast Entry' rule introduced in March 2026. This illustrates the competitive edge of active management in high-profile IPOs.
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