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Cathie Wood stories

Aug 6, 2026

Cathie Wood's Ark Invest buys $37 million in Circle and SpaceX after Q2 earnings

Ark Invest purchased approximately $17.3 million in Circle stock and $20 million in SpaceX shares following both companies' Q2 earnings reports, despite SpaceX falling 13.6% on AI spending concerns.

Aug 6, 2026·3 sources
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Aug 4, 2026

Cathie Wood's Ark Invest purchases $17 million in Circle and $20 million in SpaceX shares following quarterly earnings reports

Ark Invest acquired 273,343 shares of Circle Internet Group worth approximately $17.3 million and additional SpaceX shares worth around $20 million on August 6, following positive Q2 earnings from Circle and SpaceX's first earnings report since its June 2026 IPO. The purchases came after Ark had already bought $9.4 million in Coinbase and Circle shares earlier in the week.

Aug 4, 2026·7 sources
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Top claims

  • ▪The 13.6% drop in SpaceX's stock price on August 5, 2026 was triggered by investor concerns over the company's $18.4 billion in capital expenditures during the second quarter.
  • ▪Ark Invest distributed its August 5, 2026 purchase of 181,830 SpaceX shares across the Ark Innovation ETF, the Ark Autonomous Technology & Robotics ETF, the Ark Next Generation Internet ETF, and the Ark Space & Defense Innovation ETF.
  • ▪SpaceX reported a net loss of $541 million for the second quarter of 2026, despite its revenue soaring 92% year-over-year to $7.8 billion.

Topics

Crypto marketsInstitutional crypto adoptionARK InvestStablecoinsVenture capital funding

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