On Wednesday, January 15, 2025, Cathie Wood‘s Ark Invest executed a series of strategic trades in the space and autonomous technologies space, prominently increasing its stake in Intuitive Machines Inc (LUNR).
The LUNR Trade: Ark Invest made substantial purchases of Intuitive Machines Inc (LUNR) shares through its ARKQ and ARKX ETFs. The funds collectively acquired a total of 427,820 shares.
With LUNR’s closing price at $19.18, this transaction is valued at approximately $8.2 million.
Intuitive Machines is primarily focused around moon exploration.
Meanwhile, the hedge fund sold 204,736 shares of Rocket Lab USA Inc (RKLB) valued approximately at $5.1 million via the ARKQ and ARKX funds as well in the space sector shuffle.
Other Key Trades:
- Sold 9,902 shares of Reddit Inc (RDDT) valued around $1.7 million.
- Bought 12,289 shares of Ibotta Inc (IBTA) valued approximately at $884,000.
- Sold 34,983 shares of Adaptive Biotechnologies Corp (ADPT) valued around $250,000.
- Sold 78,481 shares of Kratos Defense and Security Solutions Inc (KTOS) valued around $2.7 million.
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