ARK Venture Fund Offers 15% Investment in Elon Musk's Private Companies

NEW YORK - ARK Investment Management LLC announced that, as of October 31, 2024, the ARK Venture Fund offers investors an approximate 15% investment opportunity in various private ventures of Elon Musk. The fund includes stakes in SpaceX, X.AI, and X Corp., which are not publicly traded and largely inaccessible to most investors.

The portfolio allocation of the ARK Venture Fund consists of a 12.7% investment in aerospace and space transportation company SpaceX, 1.5% in the artificial intelligence venture X.AI, and 0.7% in X Corp., details of which have not been disclosed. These companies operate in sectors such as space exploration, artificial intelligence, social platforms, and renewable energy.

ARK Investment Management suggests that Musk's recent involvement in U.S. policy discussions has created a favorable environment for innovation, potentially benefiting the growth of his companies. This involvement is seen as a potential advantage for investors in the ARK Venture Fund, as it allows them to experience Musk's influence on advancements in technology and sustainability.

Access to the fund is available through the SoFi app and the Titan wealth platform, providing investors with a unique channel to invest in Musk's private company portfolio. ARK Investment Management's move offers an alternative investment opportunity for investors looking to diversify their portfolios with predominantly non-public ventures. Information regarding the ARK Venture Fund's investment in Elon Musk's companies is based on a press release.