Cathie Wood Doubles Down on SpaceX Ahead of Crucial Earnings and Lock-Up Expiry

Cathie Wood's ARK Invest has made significant investments in Space Exploration Technologies Corp. (NASDAQ: SPCX) and Solana, despite recent market weakness.

The firm purchased 124,543 SPCX shares worth about $14.1 million across four actively managed ETFs and acquired 4,799 shares of the 3iQ Solana Staking ETF (SOLQ.U).

This investment strategy comes as SpaceX prepares to release its first quarterly earnings results as a publicly traded firm on August 4.

The IPO lock-up period expires two trading days after earnings, and nearly a billion shares become available for sale. Despite this potential volatility, ARK's continued purchases of SPCX shares and investments in Solana suggest Cathie Wood sees opportunities in these disruptive technologies.