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DXYZ Destiny Tech100

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12.220
+0.140+1.16%

Trading Oct 15 10:49 ET

132.95MMarket Cap69.83P/E (TTM)

Destiny Tech100 Stock Forum

Tonyco

Yesterday 20:22

$Destiny Tech100 (DXYZ.US)$
I remember these guys

Stock_Drift

Yesterday 20:09

Pre Market Ticks. 8:07am 10/14

$Destiny Tech100 (DXYZ.US)$ $Vanda Pharmaceuticals (VNDA.US)$ $In8bio (INAB.US)$ $Rani Therapeutics (RANI.US)$ $Jasper Therapeutics (JSPR.US)$ $B Riley Financial Inc 7.5% Sr Nts 31/05/2027 Usd25 (RILYZ.US)$ $B. Riley Financial Inc (RILYP.US)$ $B Riley Financial Inc 6.375% Senior Notes Due 2025 (RILYM.US)$ $B. Riley Financial (RILY.US)$ $Longboard Pharmaceuticals (LBPH.US)$ $Expion360 (XPON.US)$ $Inventiva (IVA.US)$ $Tevogen Bio Holdings (TVGN.US)$

Team Crawford

Yesterday 19:04

$Destiny Tech100 (DXYZ.US)$ This is a buy and swing hold play.

10baggerbamm : there's a few things that you need to understand .
the first and foremost is this closed and ETF trades at a significant premium to the underlying assets..
the reason why it trades at a premium is this is the only way that Joe public the average person can have any equity ownership in these pre IPO companies and that assumes and that's a word that gets used often about assuming and you know what happens it makes an ass out of you and me
it's assuming that these companies ultimately go public at some point in time.
as of right now there are exchanges set up for every one of these companies that are a holding to trade in the secondary Market it is not a fair market the spreads can be enormous between the bid and offer it's pretty much you throw out however many shares whatever round of financing that you own because these pre-ipo companies are early stage development companies if you want to think of them that way even SpaceX still is technically and they have different rounds of financing along the way earlier rounds will trade at a greater premium than later rounds because there's much greater equity there's also rights of accumulation in some of the earlier rounds of financing.
so liquidity is the issue when it comes to the batch of companies that destiny owns. they are not very liquid there is an anticipation that at some point they will go public at much higher valuations than they trade at and that's one of the reasons why this trades at a significant premium to the market.
whether you choose to buy it when it's up a buck and a half or wherever it's trading right now it's your choice I'm not going to tell you to do it or not to do it you can look at the chart it's been a complete train wreck a disaster but it does have rather large significant swings after periods of being dormant right in the $9-10 range is what we are witnessing right now.

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Team Crawford OP 10baggerbamm : Well said and explained, you mention some things I didn’t know and thank you for the knowledge homie.

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10baggerbamm Team Crawford OP : I would tell you that if you are able to trade this leave all your profits in it and don't look back so if you trade it you make 500 bucks or a thousand bucks or whatever amount it is maybe make five grand I'd leave all the profits in here because this could turn out to be an enormous Grand slam home run when SpaceX does go public or one of the other companies goes public. what I would not do is buy it and hold it in perpetuity I would look for an opportunity to trade it leave the profits in play with the house of chips get your principal out of it and forget you on it if it goes to zero the hell with it if in 5 years you're sitting on an ETF that's trading at 150 or $200 because two or three other companies went public and have gone through the roof you'll be glad you left the profits in it

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WISEACRE 10baggerbamm : man, great info but i almost had a stroke reading this without punctuation

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10baggerbamm WISEACRE : hey look you know I just talking to my phone it's so much easier than sitting here trying to type these little tiny 4 mm size letters.. when I had my 20-year reunion at my high school my English teacher and this is a long time ago I went back into the classroom and I said you know I remember I got a D when you were teaching how to diagram a sentence and you're telling me how important it is in life and I told you I'm going to be a stockbroker I'm going to be self-employed I'm going to have my own business what the hell do I need this for... I said I still don't know how to diagram of sentence I said I have the longest run on sentences in the history of the world but I know how to make money..

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10baggerbamm

Yesterday 16:26

$Destiny Tech100 (DXYZ.US)$ look at this nice pre-market 16 and a half percent gain.. oh that's right it owns SpaceX.
just over 34% of this ETF is in SpaceX

Panda busy

Oct 11 10:57

What's wrong with this stock?

$Destiny Tech100 (DXYZ.US)$
He seems to have been hovering around $10 for a long time.

10baggerbamm

Sep 20 07:35

$Destiny Tech100 (DXYZ.US)$ this closed end ETF should have a leg up open AI just announced their next round of fundraising at 250 million in minimum investment. and they're looking to raise between 8 and 9 billion during this round of funding.. and destiny has a position early on in openai. as a caution this trades at an enormous premium to the net asset value so don't go crazy if you buy it number one number two it's very illiquid it's difficult to sell large positions in but this is the only w...

Kimpten : Do you really think that 3.5% stake has any significance in price of this stock?

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10baggerbamm OP Kimpten : as a matter of percent no but as what it represents from an upside standpoint can be enormous openai is still raising money two to three times a year and each sequential round the valuation of the company is going up parabolically so at some point in time when they do go public and they will you're talking about a company that's probably going to be valued at a trillion dollars on day one. and again being that asset value of this ETF is very very high relative to their underlying positions. n because everything they invest in is private like SpaceX for example they're highly a liquid positions they do have the ability and there are exchanges set up to sell early stage investments to accredited investors you basically name your price on these private exchanges but very few people sell anything. this would be something that if this ETF ever gets hit hard it's down 2 to $3 in a day on a sell-off because the market gets cranked that's when you would nibble at it and that's all it would be would a tiny position.

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leoneday : If OpenAI went public by themselves…

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70732635 : Do you ever see the nav before you type these? With 100％ premium i don't see any value.

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10baggerbamm OP 70732635 : number one I posted about the net asset value multiple times before number two I'm not hyping this. but thank you for bringing up worthless outdated information it really adds a lot of value..

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10baggerbamm

Sep 6 13:25

$Destiny Tech100 (DXYZ.US)$ that's crazy I just got an alert this is down 7%, so I look and then I see that they disclose their net asset value it just over $5 in the most recent news announcement so it's trading 100% that asset value that's insanity

Moomoo News Global

Jun 28 09:16

Columns SpaceX Valuation Rockets to New Record High. Here Is How to Invest in the Booming Aerospace Industry

SpaceX is reported to offer insider shares at $112 apiece in an upcoming tender offer, propelling the valuation of Elon Musk's space exploration and satellite company to nearly $210 billion, according to Bloomberg.
The tender offer, which allows employees and insiders like investors to sell shares, is priced higher than the $200 billion valuation discussed last month due to strong investor demand....

10baggerbamm

Jun 27 07:42

$Destiny Tech100 (DXYZ.US)$ you've got a slight bounce this morning and this is based off of Elon Musk space x tender
planned tender offer values each of SpaceX's shares at a “higher-than-expected” $112—slightly higher than the $108 to $110 price reported by the outlet last month. The transaction would value the company at around $210 billion.5 hours ago.
this ETF does give you exposure to SpaceX, about 36% and a few fractions thereafter of this etfr in SpaceX however the biggest problem is valu...