VCX NAV Estimate: What Fundrise's Innovation Fund Is Really Worth

When Fundrise's Innovation Fund (VCX) listed on the NYSE on March 19, 2026, its net asset value was $18.97 a share. Within days, retail investors momentarily bid the price above $400. That's more than 20X NAV, a premium so rich it made 1999 look responsible. As a shareholder locked up until September 14, 2026, I've
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