SpaceX's trillion-dollar IPO: Launching the space AI narrative?
DXYZ is a typical "story stock," where the premium surges instantly following successful SpaceX launches or OpenAI model releases (e.g., GPT-5), causing it to deviate from its NAV.
Shortly after DXYZ's initial public offering, the market exhibited extreme enthusiasm for purchasing SpaceX-related exposure, driving the stock price above $100, while the net asset value (NAV) per share was only approximately $5 at the time.
Net Asset Value (NAV) per Share: Approximately $11.37 (as of Q3 2025).
Current Stock Price: Approximately $26 (recent fluctuation range).
ð Current Premium Rate: >130%.
If you purchase DXYZ now, you are effectively willing to pay $2.4 for every $1 worth of OpenAI or SpaceX assets.
For investors firmly bullish on SpaceX and OpenAI, a premium rate decline to below 100% (i.e., a stock price within twice the NAV) historically represents a relatively "safe" accumulation range for this stock.
ð€ The Guru purchased shares between $12-$15 in September-October 2024, exited at around $70, and has retained 10% of the position to date.
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