Fundrise’s venture fund extends rally, trading more than 2 dozen times above asset value

March 25, 2026

Fundrise Innovation Fund, a publicly traded venture fund that owns stakes in private companies like Anthropic, OpenAI, and SpaceX, is continuing to rally as the gap between the value of its stock price and its underlying assets grows.

Shares of the fund, which uses the ticker VCX, closed at $314.99 on Tuesday and rose to $533 by Wednesday morning — a nearly 70% jump for the day and a more than 1,500% increase in the value of its stock since it went public on March 19.

Fundrise’s vertiginous price action underscores just how hungry retail investors are for exposure to high-flying private companies, even at increasingly eye-watering implied valuations.

Shares of the fund, which uses the ticker VCX, closed at $314.99 on Tuesday and rose to $533 by Wednesday morning — a nearly 70% jump for the day and a more than 1,500% increase in the value of its stock since it went public on March 19.

Fundrise’s vertiginous price action underscores just how hungry retail investors are for exposure to high-flying private companies, even at increasingly eye-watering implied valuations.

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