• 15
  • 7
  • Favorite

Cathie Wood Loads Up Another $292K In SpaceX

Benzinga2021-05-27

Cathie Wood-led Ark Investment Management on Wednesday bought 29,301 shares, estimated to be worth about $292,131, in the SPAC Jaws Spitfire Acquisition CorpSPFR 0.4%which is set to take 3D printing company Velo3D public.

The ArkAutonomous Technology & Robotics ETF(BATS:ARKQ) bought 11,325 shares of Jaws Spitfire on Tuesday. ARKQ held 25,49,348 shares, worth about $25.3 million, ahead of Wednesday's trade.

Velo3D is a 3D printer supplier for SpaceX, the space exploration company led by Tesla Inc TSLA 2.39%CEO Elon Musk. It expects for the deal with Jaws Spitfire to close in the second half of the year and list under the "VLD" ticker on the New York Stock Exchange.

The company was founded by billionaire Barry Sternlicht, the chairman of Miami-based investment firm Starwood Capital Group, which has about $80 billion worth of assets under management.

Ark also holds 714,990 shares, worth about $7.1 million, of the companybackedby tennis player Serena Williams via the Ark Space Exploration & Innovation ETF(BATS:ARKX).

The investment firm’s 3D Printing ETF(BATS:PRNT) is dedicated to the 3D printing industry. PRNT has grown about 22% and has 3D Systems CorpDDD 8.82%as its top holdings among a total of 56 stocks.

Some of the other key Ark Invest sells included Guardant Health Inc GH 0.49%, Syros Pharmaceuticals Inc SYRS 10.91%, and buys included 908 Devices Inc MASS 1.23%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment7

  • KH17
    ·2021-05-27
    Excited for space X 
    Reply
    Report
  • Wanlin
    ·2021-05-27
    Like and comment 
    Reply
    Report
  • Ivanhojh
    ·2021-05-27
    Like and comment pls 
    Reply
    Report
    Fold Replies
    • Wanlin
      Comment
      2021-05-27
      Reply
      Report
    • CWen
      Comment back pls
      2021-05-27
      Reply
      Report
  • Leo_T
    ·2021-05-27
    Oh man
    Reply
    Report
    Fold Replies
    • sst9383
      ok
      2021-05-27
      Reply
      Report
  • RichardChan
    ·2021-05-27
    Ok 
    Reply
    Report
    Fold Replies
    • Leo_T
      well well
      2021-05-27
      Reply
      Report
    • Dirui
      Sure
      2021-05-27
      Reply
      Report
  • Fam_Fam87
    ·2021-05-27
    Nice
    Reply
    Report
    Fold Replies
    • sst9383
      ok
      2021-05-27
      Reply
      Report
  • ChrisHo82
    ·2021-05-27
    Cool
    Reply
    Report
    Fold Replies
    • sst9383
      ok
      2021-05-27
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial