How to Invest in Pre-IPO SpaceX, OpenAI, and Anthropic in One Fell Swoop

Core Insights - The Ark Venture Fund offers a unique investment opportunity in a mix of over 60 private and publicly traded stocks, including major players like SpaceX, OpenAI, and Anthropic [1][12] - The combined valuation of these private companies is estimated at $712 billion, reflecting strong confidence from private investors in their growth potential [2] Investment Details - Investors can access the Ark Venture Fund through apps like Public, SoFi, or Titan, with a minimum investment of $500 required [4] - The fund allocates 12% of its assets to SpaceX, which has a projected valuation increase from $46 billion in 2020 to $400 billion by 2025 [5] Market Potential - The total addressable market for satellite connectivity is projected to be $100 billion, with SpaceX's Starlink expected to generate $8.4 billion in revenue in 2024, up from $4.2 billion in 2023 [6] Performance Metrics - The Ark Venture Fund has shown an annualized growth rate of 18.51%, although it has underperformed compared to the broader market, which returned 89% over the same period [10][11] Fund Characteristics - The fund is classified as a venture-interval fund, which entails higher fees and lower liquidity compared to typical ETFs, with a management fee of 2.9% compared to the average 0.51% for actively traded ETFs [8][9] - Investors can only sell their investments once per quarter, with total withdrawals limited to 5% of the fund [9] Unique Selling Points - The fund provides access to high-profile private companies before they go public, offering a hedge against missing out on potential profits from fast-growing sectors like space and artificial intelligence [12][14] - Investing in the fund can serve as a strategy to mitigate the fear of missing out (FOMO) on lucrative opportunities in emerging markets [15]