
Relly | 典狱长|Jul 01, 2025 23:05
DXYZ is a closed-end fund listed on the US stock market, and now speculators are trading it as SpaceX stock at a premium of 470%. It's too crazy.
DXYZ holds approximately 50% (fund shares) of SpaceX shares, 5% of OpenAI shares, and 9% of Revolut (a British fintech giant) shares. As of March 31, 2025, the net value of the fund park is 67.56 million, slightly lower than December 31, 2024. I think the fair value of SpaceX's holdings is lower than at the end of last year, but OpenAI's fair value is higher than at the end of last year.
The fair value calculation of SpaceX's shares is based on a valuation of around 350 billion US dollars. DXYZ holds approximately $34 million worth of SpaceX shares. The current trading market value of DXYZ is 388 million, with a premium of 470%.
If you really have confidence in SpaceX, you can take a look at another fund called XOVR. This ETF has a current market value of 371 million and no premium, holding 182600 SpaceX shares worth 33.77 million US dollars, with the majority of the remaining being mid to large cap stocks.
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