Ark Invest has made a substantial investment of $32 million in SpaceX shares as the company's stock experienced a notable decline.
On Monday, SpaceX's stock, identified by the ticker SPCX, dropped 16.43%, closing at $154.60. This decline has largely erased the gains the stock had made since its debut on June 12.
The recent downturn in SpaceX's stock price raises questions about market confidence in the company following its initial public offering.