Cathie Wood Buys Another $800K In This Elon Musk-Led SpaceX's 3D Printing Partner

Cathie Wood-led Ark Investment Management on Wednesday bought 102,790 shares, estimated to be worth about $814,097, in Velo3D Inc VLD, the 3D company that went public earlier this month via a merger with special purpose acquisition company Jaws Spitfire Acquisition Corp.

Shares of Velo3D closed 2.06% higher at $7.92 on Wednesday.

The Ark Autonomous Technology & Robotics ETF ARKQ bought shares in Velo3D, the 3D printer supplier for SpaceX, the space exploration company led by Tesla Inc TSLA CEO Elon Musk.

The Ark Space Exploration & Innovation ETF ARKX also owns shares in Velo3D.

Both ARKQ and ARKX together held 4.26 million shares, worth $33.07 million, in Velo3D ahead of Wednesday's trade.

Other than SpaceX, the Benny Buller-founded Velo3D, since its production launch in 2018, has worked with Honeywell International Inc HON, Boom Supersonic, and Lam Research.

See Also: Cathie Wood's Ark Invest Sells Coinbase Shares For First Time As Stock Surges On Bitcoin Rally

Here are some of the other key trades for Ark on Wednesday:

  • Sold 142,810 shares — estimated to be worth $19.67 million — in Unity Software Inc U. Shares of the company closed 1.06% lower at $137.76 on Wednesday.
  • Bought 677,957 shares — estimated to be worth $65.6 million — in Crispr Therapeutics AG CRSP on the dip. Shares of the company closed 5.67% lower at $96.77 on Wednesday.

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Posted In: Long IdeasNewsSector ETFsSmall CapTechTrading IdeasETFs3D PrintingARK InvestCathie WoodElon MuskSpaceX
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