On Wednesday, Cathie Wood's Ark Investment Management conducted multiple transactions, further increasing its stake in Elon Musk's SpaceX. Ark Invest purchased a total of 122,807 shares of SpaceX through various funds including ARKK, ARKQ, ARKW, and ARKX. Based on the closing price of $135.27 on that day, these transactions were valued at approximately $16.6 million. During Wednesday's trading, SpaceX's stock price once fell to around $132, marking the first time it dropped below its IPO price of $135, and it has declined by more than 30% from its peak of approximately $225.