Robinhood private equity fund rebounds 30% after initial poor performance, but may face tests from potential mega IPOs like SpaceX

According to ChainCatcher, market sources report that Robinhood's private market fund, Robinhood Ventures I, has rebounded by around 30% after an initial poor performance. The product launched in early March and dropped 16% on its first day but has since gradually recovered. It aims to offer retail investors a channel to participate in late-stage unlisted company equity.

However, analysts warn that with potential IPOs approaching for tech giants such as SpaceX, OpenAI, and Anthropic, the private market could experience short-term volatility. If leading companies underperform at listing, it may drag down secondary market valuations and affect IPO expectations for unicorns including Stripe. The head of Robinhood Ventures responded that these concerns are mostly short-term fluctuations. In the long term, significant investment opportunities remain, and as AI technology continues to advance, the application ecosystem built around leading models will unleash substantial growth potential. Currently, the fund mainly invests in a few late-stage companies, including fintech firms Airwallex and Stripe, as well as AI company Databricks, acquiring equity through primary market or authorized secondary market transactions.