Fund With Stakes in SpaceX and Anthropic Jumps 1,200% Above Asset Value

The Fundrise Innovation Fund (VCX) has seen its shares surge over 1,500% above net asset value, driven by investor demand for stakes in pre-IPO companies like SpaceX and OpenAI. This dramatic price increase, with a significant portion of shares locked up, has led to volatility and questions about the sustainability of these gains.