The ARK Innovation ETF, $ARKK, recorded ~$7 billion in inflows in June, the largest in nearly a year, with the surge coinciding precisely with the day of the SpaceX IPO.
Over the first 3 trading sessions following its IPO, retail investors purchased a net $369.8 million of SpaceX, $SPCX, according to Vanda Research.
By comparison, retail investors purchased just $88.2 million of Nvidia,
$NVDA, over the same time.
SpaceX's 3-day retail purchases roughly matched the COMBINED total of Nvidia, Alphabet, Amazon, Microsoft, Meta, the S&P 500 ETF,
$SPY, and the Nasdaq 100 ETF, $QQQ.
The retail mania is unlike anything seen before.
Source: Global Markets Investor, Bloomberg