SpaceX market cap evaporates $1.2 trillion…Ark buys the dip

SPCX +0.49% NVDA +0.14% RKLB +2.79% ARKK -2.47% LUNR +5.39% 1 more

1. 1SpaceX (SPCX) has shed over $1.2 trillion in market capitalization since its June high of $225.64
2. 2On Monday, Ark bought 124,543 shares of SpaceX (roughly $14.1 million) and 27,864 shares of Tesla (TSLA) (roughly $8.6 million)
3. 3The company is set to release its first post-listing earnings on August 4 and faces the expiration of a lockup on up to 911.5 million shares on August 6

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