Robinhood Ventures Fund I 10% Owner Sold Shares Worth Over $3M

Robinhood Ventures Fund I invested $25M in Crusoe, an AI infrastructure company, during its $3.9B Series F round. Crusoe is valued at $30.9B. Robinhood's CEO highlighted the importance of AI infrastructure. Other investors include Nvidia and ARK Invest.

Robinhood Ventures Fund I (RVI), a fund offering retail investors exposure to pre-IPO companies, reached a $1B market cap after a 14% gain on Friday. The fund, which invests in firms like OpenAI and Stripe, has surged 86% since its March 6 listing, outperforming major indexes. Robinhood CEO Vlad Tenev announced the milestone on X.

Arrowhead Pharmaceuticals (ARWR) reported that its drug plozasiran reduced acute pancreatitis rates by 78% in late-stage studies. The company also shared early results for an experimental cholesterol treatment.

Airbus delivered 74 aircraft in October, needing 249 more in November and December to reach its annual target of 870. The company reported these figures on November 6, with deliveries going to 45 customers.

Lockheed Martin's (LMT) Sikorsky unit was chosen to provide S-92A+ helicopters for South Korea's Presidential Helicopter II program, serving the Republic of Korea Air Force. The selection boosts demand for Sikorsky's upgraded aircraft, according to the company.

Johnson & Johnson (JNJ) reported Phase 1 results for a dual bispecific antibody regimen in prostate cancer, showing 73% of patients had a PSA reduction of at least 50%. The therapy targets KLK2 and PSMA, with a favorable safety profile. JNJ's stock closed at $276.22, up 1.43%.