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0 -7.46591808393999E-05 0.000268773051022009 0.000343432231861579 -0.0010601603679205 0.00282211703573186 0.00353884517179078 0.00183661584865094
Stock impact report

Fund With Stakes in SpaceX and Anthropic Jumps 1,200% Above Asset Value [Yahoo! Finance]

Morningstar, Inc. (MORN) 
Company Research Source: Yahoo! Finance
for stakes in IPO-bound companies such as SpaceX and Anthropic PBC push the vehicle's market capitalization far beyond the estimated worth of its holdings. Shares in the Fundrise Innovation Fund, listed under the symbol VCX, climbed as much as 36% to $230 each on Tuesday — just their fourth day of trading — and were halted twice for volatility, in an echo of the meme stock era. With the majority of the fund's shares subject to a lockup agreement, investors bid the small amount that's available more than 13 times above its recent net asset value per share of $18.97. The fund, which also owns shares in OpenAI Inc., Anduril Industries Inc., Databricks Inc. and Ramp Inc., proposed becoming a publicly listed closed-end fund nearly five years after starting operations, in order to create potential value and increase liquidity, according to its filings with the US Securities and Exchange Commission. For the fund's roughly 100,000 investors who bought prior to the market debut, VCX shar Show less Read more
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