VCX Fund Rockets 1,200% Above Assets on SpaceX, OpenAI, Anthropic Pre-IPO Craze

FomoAnxiety · 2026-03-24T16:06:58+00:00

Retail investors are driving up the Fundrise Innovation Fund VCX, seeking early access to private companies like SpaceX and OpenAI. The fund’s value surged 317% upon debut, reflecting high demand and reaching $287 per share.

FomoAnxiety

2026-03-24 16:06:58

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Retail investors chasing early exposure to private heavyweights such as SpaceX, OpenAI, and Anthropic before their widely anticipated initial public offerings (IPOs) have massively bid up the Fundrise Innovation Fund VCX +48.06% ▲ . This has driven the closed-end fund about 13 times its net asset value.

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This comes even as the VCX’s price soared 317% on its debut last week, with massive buy-ins skyrocketing it 590% higher in three days. In addition to the companies mentioned above, VCX — which is managed by the non-diversified investment firm Fundrise — provides exposure to other top private firms such as Databricks, Audril, and Ramp.

Around the period of its debut on the New York Stock Exchange, VCX had a net asset value per share of $18.97. This gave it an initial assets under management value of more than $650 million.

However, that price has since seen a massive jump as investors rush to snap up its limited shares. Moreover, as of 11:39 a.m. EST, VCX was up about 50% on Tuesday, trading at $287 per share.

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