US Stock Movement | Closed-End Fund Fundrise Innovation Fund(VCX.US)Plunged Over 24% Rumors suggest that heavily held SpaceX may go public in June

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According to Tongji Finance APP, on Thursday, the closed-end fund Fundrise Innovation Fund (VCX.US), which heavily invests in SpaceX, plummeted over 24%. Since its listing, it has still gained a total of 819%, currently trading at $291. VCX is a publicly traded venture capital fund launched by Fundrise, listed on the NYSE on March 19, 2026. Because it holds shares in companies like SpaceX and OpenAI, VCX allows retail investors to directly invest in these popular tech companies before their IPO through a "civilian venture capital" approach.

As of February 15, among VCX's top ten holdings, the largest position is AI company Anthropic, known for its Claude model, which accounts for 20.7% of the fund’s net assets. Elon Musk’s SpaceX accounts for 5.0%, ranking sixth. Additionally, OpenAI, behind ChatGPT, holds a 9.9% stake, and Epic Games, the developer of Fortnite, accounts for 3.5%.

Previously, reports indicated that SpaceX plans to submit its initial public offering prospectus to regulators later this week or next week, aiming to go public in June. Advisors involved in the preparations estimate that the company may seek to raise over $75 billion in the IPO, exceeding the previous estimate of $50 billion. The company's latest valuation is $1.25 trillion, with the actual fundraising amount and valuation to be finalized a few weeks before the IPO.

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