Funding
ARK Invest Buys $100M in Nvidia and SpaceX Shares
ARK Invest, led by Cathie Wood, has purchased about $100 million worth of Nvidia and SpaceX shares in a single day. The purchase includes 348,406 SpaceX shares worth approximately $47.4 million and 356,681 Nvidia shares for around $81.6 million. The timing of the purchase was influenced by a political event, with SpaceX stock falling by about 3.8% after the US midterm elections. ARK Invest has a history of buying into stocks during political events, treating them as discounts.