The Fundrise Innovation Fund (VCX), a closed-end fund (CEF) listed on the NYSE, has drawn investor interest amid hype around SpaceX’s public listing. Anthropic’s new computing power deal with Broadcom (AVGO) and Google (GOOGL) has further boosted sentiment. VCX shares rose 4.4% on April 6 and are up nearly 288% since its NYSE listing.
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Since its recent debut, VCX has delivered a volatile ride for investors. Shares initially surged to a 1,300% premium over its $18.96 NAV, a 63% jump on day one, before plunging 35% in subsequent sessions. VCX offers retail investors rare access to pre-IPO giants, like OpenAI, Anthropic, Databricks, Anduril, Ramp, and SpaceX. However, its extreme swings and share lockup dynamics warrant caution.
Why SpaceX’s IPO Matters
Elon Musk’s rocket company, SpaceX, ranks as VCX’s sixth-largest holding at 5% weight. SpaceX has confidentially filed for an IPO, aiming for a massive $2 trillion valuation and up to $75 billion in fundraising. If it stays on track, the listing could debut as early as June 2026, one of the largest in history.
Anthropic’s Major Exposure
Anthropic tops VCX’s portfolio at 20.7% weight. Yesterday, it announced that it will gain access to 3.5 gigawatts of computing power from Google’s AI processors, starting in 2027. Demand for Anthropic’s AI model Claude has surged in 2026, pushing its run-rate revenue past $30 billion, up from roughly $9 billion at the end of 2025. The startup now serves over 1,000 business clients spending more than $1 million annually each, doubling that figure in just two months.
Is VCX a Buy?
We used TipRanks’ Technical Analysis Tool to assess the outlook for the Fundrise Innovation Fund. The tool indicates a “Buy” consensus, with seven indicators showing Bullish signals, against four Neutral and five Bearish indicators.
