Fund With Stakes in Anthropic, SpaceX Plunges After Short Report

A venture capital fund holding stakes in high-profile tech firms like Anthropic and SpaceX saw its stock plummet by 33% in a single day after a short-selling attack. Citron Research announced it was shorting the newly public Fundrise Innovation Fund, triggering the sharp decline on Thursday, March 26, 2026. The fund, which offers retail investors exposure to private tech giants, faced immediate market backlash following Citron’s bearish bet. This marks one of the most dramatic single-day drops for a VC-backed public fund, raising concerns about volatility in alternative investment vehicles. The incident underscores risks for retail investors in funds tied to unproven or pre-IPO tech companies amid aggressive short-selling strategies.