Cathie Wood buys about $100M in Nvidia and SpaceX shares

ARK Invest keeps adding to its AI and space bets, this time buying after a politically driven dip in SpaceX stock Cathie Wood went shopping again. Her firm, ARK Invest, bought about $100 million worth of Nvidia and SpaceX shares in a single day. The purchase lands on two of the most closely watched names in tech. One sells the chips behind the AI boom. The other launches rockets and now trades publicly. The trades behind the headline number The SpaceX side of ARK’s recent buying has a clear trigger. On November 4, 2026, ARK picked up 348,406 SpaceX shares worth approximately $47.4 million, according to the research findings. Those shares were spread across three of ARK’s exchange-traded funds: ARKK, ARKQ, and ARKW. The timing was not random. SpaceX stock fell by about 3.8% after the US midterm elections, which handed Democrats control of Congress. ARK treated that slide as a discount. Buying when a stock drops on political news, rather than on anything the company itself did, is a familiar move in Wood’s playbook. The Nvidia buying has a longer paper trail. On September 29, 2026, ARK bought 356,681 Nvidia shares for around $81.6 million. That stands as the firm’s largest single-nam...