Cathie Wood’s ARK Invest increased its exposure to companies linked to Elon Musk by purchasing approximately $22.78 million worth of Tesla and SpaceX-related shares on Monday, July 27.
The latest investments came shortly after Musk warned that artificial intelligence could surpass the combined intelligence of humanity within the next five years.
ARK Invest Purchases More Tesla Shares
According to ARK Invest’s latest trading disclosure, the investment firm purchased 27,864 Tesla shares across two of its actively managed exchange-traded funds.
Based on Tesla’s closing price of $309.22, the combined purchase was valued at approximately $8.62 million.
The ARK Innovation ETF, known as ARKK, acquired 18,730 Tesla shares worth around $5.79 million. Meanwhile, the ARK Autonomous Technology & Robotics ETF, or ARKQ, added another 9,134 shares valued at nearly $2.82 million.
The transactions show that Cathie Wood remains confident in Tesla despite ongoing volatility surrounding the electric vehicle company and the wider technology sector.
ARK Expands Its SpaceX-Related Position
ARK Invest also increased its position in Space Exploration Technologies Corp. exposure through the SPCX stock.
The company purchased 124,543 SPCX shares valued at approximately $14.14 million, based on a closing price of $113.50.
ARKK completed the largest transaction by acquiring 78,031 shares worth around $8.86 million.
ARKQ purchased an additional 25,442 shares valued at approximately $2.89 million. The ARK Next Generation Internet ETF, known as ARKW, added 10,369 shares worth about $1.18 million.
The ARK Space Exploration & Innovation ETF, or ARKX, also purchased 10,701 shares valued at nearly $1.21 million.
These investments further strengthen ARK’s exposure to Musk-led businesses, particularly those focused on electric vehicles, artificial intelligence, robotics and space technology.
Cathie Wood Adds Solana Staking ETF Shares
Alongside its Tesla and SpaceX-related purchases, ARK Invest increased its position in the 3iQ Solana Staking ETF, which trades under the ticker SOLQ.U.
The firm purchased 4,799 shares valued at approximately $29,850, based on the ETF’s latest reported price of $6.22.
ARKW acquired 2,759 shares, while the ARK Fintech Innovation ETF, or ARKF, purchased another 2,040 shares.
The transaction reflects ARK’s continued interest in cryptocurrency investment products that combine digital asset exposure with staking opportunities.
Elon Musk Predicts AI Could Surpass Humanity
ARK’s latest purchases followed a significant warning from Elon Musk regarding the rapid advancement of artificial intelligence.
During an interview with The Economist Editor-in-Chief Zanny Minton Beddoes, Musk predicted that AI could exceed the combined intelligence of the human population within approximately five years.
He also suggested that artificial intelligence may eventually outperform humans in almost every activity, except for the uniquely human experience itself.
Despite highlighting the risks associated with highly advanced AI systems, Musk said the technology could create an era of extraordinary abundance.
Musk Says Money Could Lose Its Importance
Musk also predicted that money could become less relevant by 2036 if artificial intelligence and robotics become capable of producing goods and services at an unprecedented scale.
However, he warned that this optimistic future depends on humanity successfully managing the dangers posed by powerful AI systems and autonomous weapons.
His comments reflect both excitement and concern about the speed at which artificial intelligence is developing.
At the same time, Musk remained positive about the launch of peer-to-peer payments through X Money. The payments service is expected to expand the capabilities of the X platform beyond social media.
Cathie Wood’s latest investments indicate that ARK continues to support Musk’s long-term technology vision. However, Tesla, private space investments and AI-focused companies remain exposed to significant market, regulatory and execution risks.
