ARK Invest bought $32.5 million worth of SpaceX stock yesterday in a "buying the dip" move.

BlockBeats News, June 23rd, Cathie Wood's ARK Invest increased its stake in SpaceX by 210,121 shares yesterday, totaling approximately $32.5 million.

At the close of the U.S. stock market on Monday, SpaceX plummeted by 16.4% to $154.6, falling below its IPO's first-day closing price. The market value evaporated by about $400 billion, marking the second-largest single-day market cap loss in global corporate history.