Financial sector veteran, KT Capital Group

Fern Wang

Financial sector veteran

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Equity Bottom-Up

<ul>
<li>
Market Euphoria and Investment Challenges: Trump’s re-election has fueled excitement in the stock market, especially for Elon Musk-linked companies, but investing in SpaceX remains difficult due to its private status.  </li>
<li>
Proxy Stocks: Investors can access SpaceX indirectly through proxy stocks like Rocket Lab (RKLB) or funds such as Destiny Tech100 Inc. (DXYZ) and the ARK Venture Fund (ARKVX). </li>
<li>
Valuation Concerns on DXYZ: Despite DXYZ’s significant outperformance compared to other proxies, its rapidly expanded market cap/fair value multiple raises concerns about overvaluation and stock price sustainability.</li>
</ul>



Market Euphoria and Investment Challenges: Trump’s re-election has fueled excitement in the stock market, especially for Elon Musk-linked companies, but investing in SpaceX remains difficult due to its private status.  

Proxy Stocks: Investors can access SpaceX indirectly through proxy stocks like Rocket Lab (RKLB) or funds such as Destiny Tech100 Inc. (DXYZ) and the ARK Venture Fund (ARKVX). 

Valuation Concerns on DXYZ: Despite DXYZ’s significant outperformance compared to other proxies, its rapidly expanded market cap/fair value multiple raises concerns about overvaluation and stock price sustainability.


United States

Destiny Tech100 Inc. operates as a closed-end management investment company. The Company invests in a portfolio of venture-backed private technology companies, as well a provides everyday investors access to private market institutional investors. Destiny Tech100 serves customers in the United States.

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Destiny Tech100 (DXYZ US)

Destiny XYZ Is Destined to Crash

Investors excited about SpaceX's potential through proxy stocks like RKLB and DXYZ, but valuation concerns linger over DXYZ's market cap.

Fern Wang

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Destiny XYZ Is Destined to Crash

​Investors excited about SpaceX's potential through proxy stocks like RKLB and DXYZ, but valuation concerns linger over DXYZ's market cap.

Fern Wang

Investors excited about SpaceX's potential through proxy stocks like RKLB and DXYZ, but valuation concerns linger over DXYZ's market cap.