Stocks
November 6, 2026
What Could $1000 In AMD Become By 2030 After A Record $13.4B Quarter
- ARK Invest bought $2.44 million in Coinbase stock as Cathie Wood reduced holdings in Bullish and BitMine
- Cathie Wood believes Tesla and SpaceX could help drive real GDP growth from around 3% to between 7% and 9%
- SpaceX and Tesla shares recorded declines during the latest market sell-off, while ARK Invest continued buying exposure to Musk-led companies
Ark Invest is making new moves in the current stock market domain. The company has now purchased $2.44M worth of Coinbase stock while reducing its exposure to other digital asset companies. The latest trades have arrived at a time when the crypto market selloff has deepened, with Coinbase, Bullish, and Bitmine recording a spree of losses as of late. On the other hand, Ark Invest’s Cathie Wood believes companies such as Tesla and SpaceX may help drive real GDP growth between 7% and 9%, a significant increase from the roughly 3% long-term average.
Also Read: Polygon Jumps 9% Amid $6.5M Binance-Polymarket Hard Fork Plan, Zcash Rallies 8%
Ark Invest Latest Stock Buys Include Coinbase
Per the latest trading disclosures of Ark Invest, Ark has ended up purchasing 17,806 Coinbase shares worth $2.44M through its Ark Innovation ETF. The purchase has arrived at a time when Coinbase stock has dropped 9.69%. At the same time, Ark Invest has ended up selling its holdings in two crypto companies.
Ark sold 109,522 Bullish shares worth $2.27M. At the same time, the firm has also sold 119,841 BitMine shares worth $2.28M. Both companies have recorded low share values, as they declined by 10.46% and 12.56%, respectively. These trades are reflecting Ark Invest’s strategic diversification across leading crypto companies. The company is still exploring crypto domains and shares, without abandoning the sector altogether.
Cathie Wood Sees Tesla and SpaceX Driving Economic Growth
Beyond her latest stock purchases and moves, Cathie Wood shared her opinion on Tesla and SpaceX. She believes both companies are capable of moving real GDP growth from its long-term average of around 3% to between 7% and 9%. Wood later linked this outlook to the rapid development of new technologies and how they may impact productivity. Her broader thesis includes how robotics, artificial intelligence, energy storage, and blockchain technology may improve conditions, helping the economy gain steady development.
Furthermore, Ark also explored the possibility of a Tesla (TSLA)-SpaceX (SPCX) merger, arguing that their shared business interests may create opportunities for both companies. This momentum is also reflected in Ark Invest’s recent purchases. Per a report by The Block, the firm purchased 348,406 SpaceX shares worth approximately $47.36M during Wednesday’s session.
The MCO stock comparison tool also highlights the recent performance of Tesla and SpaceX. Between January 1 and November 6, 2026, Space Exploration Technologies Corp. recorded a decrease of 0.84x, while Tesla registered a decrease of 0.91x. This comes as Cathie Wood continues to highlight the long-term growth potential of both companies, even as their shares face market pressure. The comparison adds another perspective to ARK Invest’s exposure to Musk-led companies alongside its recent Coinbase stock purchase.
