[SpaceX Drops Below IPO Price, 'Cathie Wood' Buys the Dip] BlockBeats News, July 19: According to the trading disclosure from Cathie Wood's ARK Invest on July 17, ARK Invest purchased $18.3 million worth of SpaceX (SPCX.O) shares after the stock price fell below its IPO price last Friday. Four actively managed ETFs under ARK Invest collectively bought 147,623 shares. The stock closed at $123.99 on the day, with an intraday low of $122.12. This purchase appears to be a firm increase in holdings during a price decline rather than a hedging operation, as the transaction further expanded ARK's already significant position in the stock. According to data tracking ARK's holdings, as of the week ending July 10, the company had cumulatively purchased approximately $52.1 million worth of related shares through its ARKK, ARKQ, ARKW, and ARKX funds, bringing ARK's total investment since SpaceX's IPO in June to over $475 million. This indicates that the team led by Cathie Wood has consistently viewed each dip as a buying opportunity rather than a warning signal. (Jin10)