“My goal was never to just create a company. It was to build something that actually makes a really big change in the world.”
Mark ZuckerbergZuckerberg co-founded the social networking website, Facebook, out of his college dorm room at Harvard University. Zuckerberg dropped out of college his sophomore year to concentrate on the website in 2004. Facebook’s user base has grown to more than two billion users, making Zuckerberg one of the youngest billionaires in the world. After dropping out he moved to Palo Alto where the company is headquartered now. By May 2012, Facebook went public and raised $16 billion, making it the biggest Internet IPO ever. In 2013 he was the youngest CEO on the fortune 500 list at the age of 28.
Mark Zuckerberg believes innovation is more than coming up with concepts quickly and working with new ideas. He believes that innovation takes trying out a variety of concepts quickly and working with more than one idea at a time. He created a very efficient and healthy workplace for his employees. He implemented the idea of having hackathons, where employees stay all night coding and building new ideas of their choice. He said it has pushed employees to be creative and innovative, but also led to new ideas for the company.
May 14, 2026
On May 14, 2026, after market close, the ERShares Private-Public Crossover ETF (XOVR) updated the carrying value of its position in SPV Exposure to SpaceX, LLC to reflect an implied SpaceX valuation of approximately $1.5 trillion.
This valuation update was made in accordance with the Fund’s Board-approved valuation policies and procedures for fair valuing securities for which market quotations are not readily available or are otherwise deemed unreliable. The valuation reflects the Fund’s review of relevant market information, including observed secondary market activity and other factors considered appropriate under the Fund’s valuation framework.
The Fund will continue to monitor available market information and evaluate the carrying value of its private holdings in accordance with its Board-approved valuation policies and procedures.