On August 5, 2026, Cathie Wood’s Ark Invest purchased $37.3 million in shares of Circle and SpaceX following their second-quarter earnings reports. Ark Invest acquired $17.3 million in Circle shares as the stablecoin issuer beat profit expectations but missed revenue targets. Simultaneously, Ark Invest bought $20 million in SpaceX shares after the stock plunged 13.6% due to a sixfold increase in capital expenditures to $18.4 billion for AI infrastructure, despite a 92% surge in revenue.
Ark Invest Circle purchase
- ▪Ark Invest distributed its August 5, 2026 purchase of 273,343 Circle shares across the Ark Innovation ETF, the Ark Next Generation Internet ETF, and the Ark Blockchain & Fintech Innovation ETF
- ▪On August 5, 2026, Cathie Wood's Ark Invest purchased approximately $17.3 million worth of Circle stock, acquiring 273,343 shares
- ▪Following the August 5, 2026 purchase, Circle became the ninth-largest holding in the Ark Innovation ETF, representing a 3.68% weight valued at $223.4 million
Ark Invest SpaceX purchase
- ▪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
- ▪On August 5, 2026, Cathie Wood's Ark Invest purchased approximately $17.3 million worth of Circle stock, acquiring 273,343 shares
- ▪The SpaceX share purchase on August 5, 2026 occurred as SpaceX stock fell 13.6% to close at $108.27, dropping below its initial public offering price of $135
Circle Q2 earnings report
- ▪In the second quarter of 2026, Circle reported total revenue and reserve income of $701 million, representing a 7% increase year-over-year but missing analyst estimates of $712 million to $718 million
- ▪Circle reported second-quarter adjusted earnings of 18 cents per share, beating the consensus estimate of 16 cents, with net income from continuing operations at $48 million
- ▪Circle's second-quarter reserve income rose 5% year-over-year to $668 million, although the yield on those reserves fell by 66 basis points
USDC circulation growth
- ▪Total USDC stablecoin in circulation grew 19% to $73.3 billion during the second quarter of 2026
- ▪On-chain transaction volume for USDC increased by 151% to reach $14.8 trillion during the second quarter of 2026
SpaceX AI infrastructure spending
- ▪Elon Musk stated during an earnings call that SpaceX expects to reach $1 trillion in annual revenue by 2029 or 2030, ahead of its previous target of 2031
- ▪SpaceX's capital expenditures rose sixfold in the second quarter of 2026 to $18.4 billion, driven primarily by investments to build out artificial intelligence infrastructure
SpaceX revenue loss
- ▪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
- ▪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
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