Thoughts on ARKVX for pre-IPO exposure to SpaceX, OpenAI, and Anthropic?

I just read a Motley Fool article about the ARK Venture Fund (ARKVX) as a way to get exposure to SpaceX, OpenAI, and Anthropic pre-IPO. Those three alone make up about 32% of the fund, and I would like to own all three.

The returns since the fund launched have been excellent.

I know the expense ratio is brutal at 3.49%. And yes, it's an interval fund so you can only sell quarterly. But if you're planning to hold for years anyway, does that really matter? I'm not day-trading this thing. The quarterly liquidity constraint is a non-issue if you're genuinely long-term, and the expense ratio is the price of admission to companies you literally cannot buy on the open market otherwise.

Curious what people think. Anyone here holding ARKVX? Any red flags I'm missing?