Cathie Wood Buys $14M More SpaceX Stock as Tesla Merger Buzz Intensifies

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• ARK Invest purchased nearly $14 million worth of SpaceX shares across four ETFs.
  
• Cathie Wood remains highly bullish on SpaceX despite recent stock weakness.
  
• Tesla-SpaceX merger speculation is rising ahead of SpaceX’s first public earnings call.

Cathie Wood is reinforcing her confidence in SpaceX, adding nearly $14 million worth of shares even as the company’s stock faces short-term pressure. The latest purchase comes during a period of increased investor attention, with speculation around a potential Tesla-SpaceX merger and anticipation building ahead of SpaceX’s first public earnings call.

The move highlights ARK Invest’s long-term conviction in Elon Musk’s aerospace and communications business, despite recent market volatility and concerns surrounding a major upcoming share unlock.

ARK Invest Buys Nearly $14 Million in SpaceX Shares

According to ARK Invest’s latest trading disclosures, the firm acquired a total of 121,384 shares of SpaceX (SPCX) across four of its exchange-traded funds.

The largest purchase came from the ARK Innovation ETF (ARKK), which added more than 76,000 shares. Additional purchases were made through ARK Autonomous Technology & Robotics ETF (ARKQ), ARK Next Generation Internet ETF (ARKW), and ARK Space Exploration & Innovation ETF (ARKX).

Based on the stock’s closing price of $115.26 on July 22, the combined investment was valued at approximately $13.99 million. The buying followed another reported $20 million SpaceX investment made by ARK earlier in the week, signaling continued accumulation despite a 6.7% decline in the stock.

Cathie Wood Stands Firm on Long-Term SpaceX Outlook

While SpaceX shares have pulled back from recent highs, Wood remains focused on the company’s long-term growth potential rather than near-term price movements.

Speaking in a television interview, she argued that SpaceX could become one of the most influential businesses ever created. Her investment thesis extends beyond rocket launches, emphasizing the company’s expanding communications infrastructure through satellite technology and its ability to reshape global connectivity.

Wood believes the combination of launch services and satellite-based communications positions SpaceX to compete in industries far beyond aerospace, creating opportunities that traditional telecommunications companies have historically dominated.

Investors will soon get another opportunity to evaluate that vision when SpaceX holds its first public earnings call on August 4, 2026, an event expected to draw significant attention from both institutional and retail investors.

Tesla-SpaceX Merger Speculation Gains Momentum

Interest in a possible merger between Tesla and SpaceX has also intensified following Tesla’s latest quarterly earnings call.

Deepwater Management’s Gene Munster increased his estimated probability of a future merger, saying he now believes the chances have risen to 90%. His comments came after executives acknowledged growing collaboration between the two companies during the earnings discussion.

Elon Musk stopped short of confirming any plans but noted that Tesla and SpaceX continue to work together across multiple projects. He also emphasized that discussions involving corporate combinations cannot take place during an earnings call and would require the proper regulatory process.

Although Cathie Wood has not publicly addressed the merger rumors, her continued investments in SpaceX underscore her confidence in the company’s standalone prospects.

Also Read: Cathie Wood Buys $21M More SpaceX Stock as AI Bubble Fears Intensify

ARK Invest’s latest SpaceX purchase reinforces Cathie Wood’s unwavering commitment to one of her highest-conviction investments. With billions of dollars flowing into the company, a closely watched earnings debut approaching, and merger speculation fueling investor interest, SpaceX remains at the center of one of the market’s most closely followed growth stories. Whether or not a Tesla merger materializes, ARK is clearly betting that SpaceX’s long-term value extends well beyond today’s market fluctuations.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.