George Soros Bet Sends Kodiak AI Spiking After-Hours

Mohd Haider

October 02, 2025

Kodiak AI Inc. (NASDAQ:KDK) shares are trending on Friday.

Check out the current price of KDK stock here.

After-Hours Stock Spike

Shares of the autonomous truck manufacturer rose by 2.2%, reaching $6.98 during after-hours trading on Thursday, gaining $0.15 from the day’s closing price.

This increase came after a turbulent year for the Kodiak AI, which is still down 37.8% since the start of the year. Its stock has fluctuated between $5.77 and $11.62, with a current market capitalization of $1.24 billion and a price-to-earnings ratio of 26.14.

See Also: Shutdown Hits Growth And Hurts American Workers, Bessent Says

Soros Fund Management Files 5.7% Stake

The after-hours spike followed a recent Schedule 13G filing from October 1, which revealed that Soros Fund Management LLC, led by George Soros, is a 5.7% beneficial owner of Kodiak AI's common stock. The filing showed that the fund holds shared voting and investment authority over 9,967,978 shares.

Details Behind the Stake

The Schedule 13G, filed under Rule 13d-1(c), confirms that Soros' holdings are not meant to influence or control Kodiak AI.

The filing calculates the ownership based on Kodiak AI's 174.96 million outstanding shares, excluding sponsor earnout shares that are still pending vesting.

The Californian company recently completed its $2.5 billion SPAC merger with Ares Acquisition Corporation II, raising $275 million and beginning Nasdaq trading on September 25, 2025.

Kodiak AI, formerly Ares Acquisition, recently completed its $2.5 billion merger with Kodiak Robotics and debuted on Nasdaq under the ticker symbols "KDK" and "KDKRW." This merger was backed by George Soros and Cathie Woods.

Price Action: According to Benzinga Pro data, KDK closed at $6.83 on Thursday

Read Next:

Cathie Wood Hitches A Ride On George Soros-Backed Driverless Truck Company Kodiak AI, Doubles Down On China AI Bets Alibaba And Baidu

Photo Courtesy: T. Schneider on Shutterstock.com

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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