"SpaceX has confidentially filed for an IPO targeting a valuation above $1.75 trillion, having already absorbed xAI at a combined $1.25 trillion valuation."
"The fund was built to give non-accredited retail investors access to late-stage private companies alongside a concentrated basket of public innovators."
"XOVR operates through two distinct components. The public sleeve tracks a proprietary Entrepreneur 30 index, holding concentrated positions in high-growth names."
"IonQ illustrates the kind of pre-commercial, high-growth technology the fund targets, posting FY2025 revenue of $130 million, up 202% year-over-year."
Private AI companies are gearing up for a historic IPO wave, with SpaceX targeting a valuation over $1.75 trillion. OpenAI, Anthropic, and Databricks are also expected to pursue public listings. The ERShares Private-Public Crossover ETF (XOVR) aims to provide retail investors access to late-stage private companies. XOVR consists of a public sleeve tracking high-growth companies and a private sleeve with significant holdings in SpaceX. However, the fund's performance has been complicated, raising questions about its execution and track record.
Read at 24/7 Wall St.
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