Cathie Wood's Ark buys Rocket Lab and Archer shares, sells BYD

At a glance

Cathie Wood's Ark Invest bought Rocket Lab and Archer Aviation shares over two days and reduced its BYD holdings. Ark bought about $8 million of Archer and about $4.6 million of Rocket Lab.

Key points

1. 1

   Ark sold 352,886 BYD shares for about $3.1 million over two days.

2. 2

   BYD's third-quarter net profit rose 28%, but it fell short of analyst forecasts.

3. 3

   Archer's third-quarter revenue beat expectations, but its loss per share was larger than expected.

4. 4

   Rocket Lab raised the base price of its Neutron launch to $70 million, and its backlog is about $3.6 billion. However, the first Neutron launch was pushed to 2027.

Why it matters

It shows which space and robotics companies a well-known investor is buying. It also points to risks such as Rocket Lab's delayed launch schedule.