ARK Invest buys about $100M of Nvidia and SpaceX shares in one day

First reported 06 Nov, 02:08 UTCSource: Crypto BriefingLast editorial activity 06 Nov, 02:08 UTCWrite a comment ↓

Detailed close-up image of NVIDIA RTX 2080 graphics card showcasing hardware components. — Illustrative photo.Photo by Nana Dua on Pexels

ARK Invest, the investment firm run by Cathie Wood, bought about $100 million worth of Nvidia and SpaceX shares in a single day, according to a report from Crypto Briefing. The trades touch two of the most closely watched companies in technology.

SpaceX purchases followed a share price drop

The SpaceX side of the buying has a clear trigger, according to the report. On November 4, 2026, ARK picked up 348,406 SpaceX shares worth approximately $47.4 million. The shares were spread across three of the firm's exchange-traded funds: ARKK, ARKQ and ARKW.

The stock had fallen about 3.8 percent after the US midterm elections, which handed Democrats control of Congress. The report describes that slide as a political reaction rather than a response to anything the company itself did, and says ARK treated the drop as a discount.

Nvidia buying was the firm's largest single-name purchase

The Nvidia buying has a longer record. On September 29, 2026, ARK bought 356,681 Nvidia shares for around $81.6 million. According to the research cited in the report, that is the firm's largest single-name purchase in the period it covers.

On the same September trading day, ARK also added roughly $1.3 million in SpaceX shares. The report notes that the relationship between the firm and SpaceX has involved buying and selling in both directions, so ARK has not been a one-way buyer of the company's stock.

Background on the two companies

SpaceX is a space company based in Hawthorne. It launches rockets and now trades publicly. NVIDIA is a semiconductor company based in Santa Clara and sells the chips behind the AI boom.

The report frames the investments as expressions of ARK Invest's confidence in the AI and space sectors, which could influence market trends, though it presents that as analysis rather than a confirmed outcome.

Open questions

Will ARK's buying of SpaceX shares continue after the post-election dip?
Does the report's account of ARK's trades match the firm's own filings?