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Feb 10, 2026 8:01 AM

Cathie Wood Bets Big On Musk As SpaceX–xAI Merger Anchors 17.5% Of ARK Fund

Cathie Wood's flagship venture fund has realigned its heaviest bets following a record-breaking merger between Elon Musk's aerospace giant and his artificial intelligence startup.

A Trillion-Dollar Integration

The ARK Venture Fund (ARKVX) has confirmed that SpaceX and xAI have merged in a “transformative deal” that values the combined entity at $1.25 trillion.

This consolidation has officially solidified SpaceX as the fund’s largest single position. According to fund data as of Jan. 31, SpaceX held a weight of 11.23%, while xAI Holdings Corp. stood at 6.31%.

Combined, the new “Muskonomy” powerhouse represents a massive 17.54% anchor for the ARK portfolio.

Two of our high-conviction holdings— SpaceX and xAI—have merged in a transformative deal valuing the combined company at $1.25 trillion. This solidifies SpaceX as the ARK Venture Fund's largest position.Holdings: