ARK Invest Builds $32.5M SpaceX Position After IPO, Maintains Tesla $2,600 Price Target

According to ARK Invest's latest holdings data as of June 12, 2026, the investment firm led by Cathie Wood built a position in SpaceX after the company's recent public listing, accumulating approximately 3.29 million shares across its fund family with a market value of about $32.5 million. ARK's Innovation ETF held the largest stake at around 1.69 million shares, while its Space & Defense Innovation ETF allocated the highest weight at approximately 6.8% of fund assets.

Despite trimming some Tesla holdings to make room for SpaceX, Tesla remains ARK Innovation ETF's top position at 10.4% of assets. ARK maintained its bullish outlook on Tesla, setting a 2029 price target of $2,600, up from the current level of approximately $411. The firm views both companies as platform enterprises combining artificial intelligence, software, and infrastructure capabilities beyond their core hardware businesses.