押注特斯拉与SpaceX合并？“木头姐”旗下太空ETF首度买入特斯拉

Core Insights - Cathie Wood's Ark Space & Defense Innovation ETF (ARKX) has made its first purchase of Tesla shares, acquiring 35,766 shares, which represents 1.99% of the ETF's total assets, raising speculation about potential restructuring within Elon Musk's business empire [1][2][3] Group 1: Investment Actions - The purchase of Tesla shares by ARKX marks the first time the fund has included Tesla in its space and defense investment portfolio, occurring at a critical time when reports suggest a merger between SpaceX and xAI has been completed [1][2] - This rare buying behavior highlights the limited public investment channels into SpaceX and suggests potential capital operations, as a merger with Tesla would require complex regulatory reviews and shareholder approvals [2][8] Group 2: Investment Rationale - Market interpretations of ARKX's purchase suggest two main motivations: one being a strategic positioning for a potential shareholder vote on a merger between Tesla and SpaceX/xAI, and the other being based on fundamental logic related to Tesla's advancements in robotics, particularly the development of the Optimus robot [3][9] - The ETF has identified "adaptive robotics" as a core investment theme, aligning with Tesla's efforts to leverage robotics technology for broader goals, including space exploration [3][9] Group 3: Holdings Overview - This acquisition reinforces Ark Invest's position as a strong supporter of Musk's companies, with Tesla being a major holding in several of Ark's ETFs, including ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Autonomous Technology & Robotics ETF (ARKQ), with holdings of approximately 10.99%, 10.39%, and 9.93% respectively [4][10] - Ark Venture Fund also holds significant stakes in Musk-related companies, with SpaceX as the largest holding at 11.23%, followed by xAI at 6.31%, and Tesla at 1.05% [4][10] Group 4: Market Sentiment - Analysts on Wall Street are closely monitoring the potential for Musk to consolidate his business empire, with investor Chamath Palihapitiya suggesting a "reverse merger" of SpaceX into Tesla, and Wedbush analyst Dan Ives noting an increasing likelihood of a merger between Tesla and the newly formed SpaceX/xAI entity [5][12] - The growing AI ecosystem is seen as a logical foundation for such a merger, although it would require shareholder approval and regulatory scrutiny [5][12] Group 5: SpaceX Investment Landscape - SpaceX remains one of the largest private companies globally, with limited avenues for public investment, primarily through Ark Invest's funds or by holding shares in publicly traded companies like Bank of America, Alphabet, and EchoStar [6][13] - While Musk has hinted at an IPO for SpaceX, no formal documents have been submitted, with speculation suggesting a potential IPO could occur as early as June 2026 [6][13]