VCX fund rockets on SpaceX, Anduril stakes
A VCX fund that held roughly 5% in SpaceX and 7% in Anduril surged about 18x on its NYSE debut, a sign of intense investor appetite for propulsion and defense tech exposure. The move underlines big private‑market demand that could translate into more startup liquidity in propulsion and autonomy. (x.com)
Fundrise’s public venture vehicle first began trading on the New York Stock Exchange on March 19, 2026 after the fund was launched in July 2022 and first filed as a public venture fund in 2021. (renaissancecapital.com) The Fundrise announcement shows the portfolio was heavily concentrated in a handful of late‑stage private names, with Anthropic at about 21% and Databricks at about 18% of assets, followed by OpenAI at roughly 10%, Ramp at about 5% and Epic Games near 4%. (businesswire.com) Market trading detached sharply from reported asset values, with journalistic estimates putting VCX more than 1,300%–1,500% above its most recently published net asset value per share of $18.97 in mid‑March and triggering multiple volatility halts. (bloomberg.com) Fund filings and coverage show roughly 100,000 pre‑listing investors and Fundrise reporting initial assets under management above $650 million, while SEC‑filed lockup terms left the majority of pre‑listing shares restricted for six months and only a small portion available to trade. ( ) Fund documentation and secondary reporting list a 1.85% management fee for VCX and confirm the vehicle’s public listing was preceded by a multi‑year build‑out to create a “public ticker for private tech.” ( ) Separate coverage reports Fundrise has moved to broaden access mechanisms for VCX through a tokenization partnership that would put tradable digital representations of the fund’s exposure onchain, a step that market commentators tied to heightened retail demand for private‑tech exposure. (blockonomi.com)
