The Fundrise Innovation Fund (VCX) surged 9.23% in morning trading on Thursday, significantly outperforming the broader market.
The sharp gain was part of a sector-wide rally, as space-related stocks and funds jumped during the session. Multiple companies in the space industry, including Planet Labs, Globalstar, and Intuitive Machines, posted double-digit percentage increases, indicating strong investor sentiment towards the sector.
The Fundrise Innovation Fund, which provides exposure to innovation-oriented portfolios, was lifted by this broad-based uptick in space and technology-focused assets during the trading day.
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