Fundrise Innovation Is Not Worth Getting Up For

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Fundrise Innovation, a closed-end fund (CEF) offering access to private companies like SpaceX, is trading at a massive premium of over 1,500% to its net asset value (NAV). This situation mirrors the earlier struggles of Destiny Tech100, where initial high premiums eventually collapsed, resulting in significant investor losses. The article warns investors that much of the upside is gone due to the current premium, and a looming six-month lockup expiration for longtime shareholders will likely create significant selling pressure, causing the premium to collapse.

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