Fundrise VCX Stock Soars 1,300% Above NAV After Delayed NYSE Debut
Shares of Fundrise Innovation Fund (VCX) surged over 1,300% above net asset value Tuesday, trading between $215.76 and $320 despite an NAV of $18.97. The fund, which holds Anthropic, OpenAI, and SpaceX, faced repeated volatility halts and limited float due to a six-month lockup on most shares. VCX launched March 19 with $650 million in assets and over 100,000 investors.