SpaceX IPO Prep Triggers Rally in Pre-IPO Funds, Ark Venture Among Early Bets
SpaceX is reportedly poised to file for an IPO this week, boosting funds that hold pre-IPO SpaceX stock (e.g., Destiny Tech100 and Fundrise Growth Tech Fund) and drawing attention to Ark Venture and other managers. Those funds have surged but trade at large NAV premiums, so gains may be skewed toward private markets rather than the eventual public listing; with a possible $1.75 trillion valuation, investors are cautioned about elevated risk and timing.