VCX · Fundrise Growth Tech Fund, LLCFundrise Growth Tech Fund, LLC
📋 The prior bullish thesis on VCX appears invalidated as price crashed from $425 to $110 in 4 days, suggesting overvaluation based on unrealistic SpaceX valuation expectations
The prior bullish thesis on VCX appears invalidated as price crashed from $425 to $110 in 4 days, suggesting overvaluation based on unrealistic SpaceX valuation expectations.
Evidence & details
- +VCX trading at ~20x NAV
- +1500-2000% premium to NAV
- +Implied valuations absurd (e.g., SpaceX at $34T)
- −Extremely low float
- −Lack of options for hedging
- −Greater fools theory - playing hot potato
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Warning about $VCX. A very popular ETF with weighting toward (Anthropic, Databricks, OpenAI, Anduril, and SpaceX). Ask yourself this: Is SpaceX is worth 23 times $META valuation? With the stock going up 1288% this month: VCX is trading at roughly ~20x its NAV. So 1500-2000% …
Thesis: VCX is trading at a massive premium to NAV (1500-2000%), making it a risky greater-fools-theory play with no hedging options and low float.
VCX is trading at a massive premium to NAV (1500-2000%), making it a risky greater-fools-theory play with no hedging options and low float.
source ↗VCX dropped 62% in two days highlighting NAV mismatch risk; similar concern for IREN and other names with ATM filings.
source ↗The prior bullish thesis on VCX appears invalidated as price crashed from $425 to $110 in 4 days, suggesting overvaluation based on unrealistic SpaceX valuation expectations.
source ↗No qualifying thesis event for 45+ days.