Shares of Fundrise Innovation Fund LLC (VCX) soared 5.07% during Tuesday's intraday trading session, continuing a period of significant volatility and upward momentum for the fund.

The rally appears to be driven by two key factors converging in the market. Firstly, retail investors are aggressively seeking exposure to pre-IPO slices of leading artificial intelligence companies, specifically OpenAI and Anthropic, through funds like VCX. This hunt for a piece of high-profile private tech names is fueling substantial buying interest.

Secondly, growing market anticipation surrounding the upcoming initial public offering of SpaceX is contributing to the surge. Investors are positioning themselves in innovation-focused and space-related assets ahead of the high-profile listing, which has triggered a broader sector-wide rally benefiting funds with relevant holdings.