Cathie Wood, CEO of Ark Invest, is known for her aggressive investment style. Ark Innovation ETF is heavily invested in growth stocks, including Tesla, Tempus AI, and CRISPR Therapeutics. Roughly half of the fund’s assets are invested in just 10 companies.

Among the fund’s top holdings is Space Exploration Technologies (SPCX -1.25%). The space stock accounts for around 4.5% of the fund’s invested assets.

Immediately after its IPO, SpaceX stock soared well above $200. After a sharp correction, however, shares now trade below their initial IPO price of $135 per share.

Wood capitalized on the correction by purchasing more SpaceX stock. According to reports, she purchased $21.3 million in SpaceX stock across multiple funds as the price…