Cathie Wood Adds $18 Million Worth Of SpaceX, These Defense Names - Investor's Business Daily

What the report says

Investor’s Business Daily reported that Cathie Wood’s ARK Invest added more than $18 million in SpaceX exposure on Friday, buying after Elon Musk’s rocket company called off its latest Starship test flight. The report said the purchase came as the SpaceX-related holding retreated following the scrubbed test, with the ticker referenced by IBD as SPCX falling again Monday and reaching new lows.

IBD also reported that ARK bought additional shares of AeroVironment and Kratos Defense, describing the moves as part of Wood’s effort to reinforce defense-related holdings. AeroVironment and Kratos are publicly traded defense and aerospace names often watched for their roles in unmanned systems, military technology and space-adjacent markets, though the article excerpt did not provide the exact dollar amounts ARK spent on those two companies.

The development is notable because ARK’s trades are closely followed by investors interested in high-growth technology, space and defense themes. SpaceX remains one of the most prominent private space companies, and Starship test activity is widely monitored because of its potential importance to future launch capacity and deep-space missions. A scrubbed launch does not necessarily indicate a long-term setback, but it can affect investor sentiment around related holdings.

The available IBD text is brief and does not include ARK’s filing details, fund names, share counts or Wood’s rationale for the purchases. Based on the report, the core takeaway is that ARK used recent weakness tied to SpaceX’s delayed Starship test to increase exposure while also adding to selected defense contractors.