ARK bought nearly $15 million of SpaceX on Wednesday against the trend, while reducing its holdings of Robinhood stock by over $10 million

ARK Invest's funds collectively purchased 121,400 shares of SpaceX stock, valued at approximately $14.996 million; at the same time, they sold 97,300 shares of Robinhood stock, valued at approximately $10.351 million, continuing the recent trend of reduction.

On the same day, ARK also purchased about $4.965 million worth of shares in electric aircraft company Archer Aviation. According to previous reports, SpaceX closed down over 6% yesterday, hitting a new low since its listing.