SpaceX is trading 5.2% down today at $107.83 as investors digest a steep post-IPO slide and fresh institutional buying from Cathie Wood’s ARK Invest.
- ARK Invest disclosed a ~$21 million purchase after shares fell approximately 45% from their peak, signaling confidence in the long-term story despite valuation concerns.
- The stock remains under pressure as broader market sentiment rotates away from megacap and AI-linked technology.
- Investors are weighing the company's growth potential against ongoing AI-spending pressures affecting high-growth tech sectors.