Is DXYZ the New VCX? Investors Flock to SpaceX Proxy Trade; Discover Destiny Tech100's Leading Holdings

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 2 days ago

0mins

DXYZ-6%

VCX-33.97%

Should l Buy DXYZ?

Source: stocktwits

SpaceX's Portfolio Exposure: SpaceX accounts for approximately 16.2% of Destiny Tech 100's portfolio, significantly higher than the 5% exposure in VCX, indicating its central role in investor positioning ahead of a potential large IPO.
Market Sentiment and Volatility: The first month post-IPO for SpaceX could experience volatility driven by index buying, meme-driven optimism, and lock-up dynamics, as investors anticipate a valuation near $1.75 trillion.
Investment Trends: Destiny Tech 100 is heavily invested in various tech companies, with significant stakes in firms like Shield AI and Databricks, which are expected to lead the next cycle of mega-cap tech listings.
Retail Investor Sentiment: Retail sentiment for Destiny Tech 100 remains extremely bullish, with a notable surge in trading volume, reflecting growing interest in newer portfolio-access vehicles and potential future valuations.

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About DXYZ

Destiny Tech100 Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to maximize the portfolio’s total return, principally by seeking capital gains on equity and equity-related investments. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity and equity-linked securities of companies principally engaged in the technology sector. The Fund will invest in the equity and equity-linked securities of what it believes to be rapidly growing venture-capital-backed emerging companies, located in the United States. The Fund may also invest on an opportunistic basis in select United States publicly traded equity securities or certain non-United States companies that otherwise meet its investment criteria. It concentrates its investments in companies operating in one or more industries within the technology group of industries. Destiny Advisors LLC serves as the investment adviser to the Fund.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

SpaceX IPO Valuation Could Reach $1.75 Trillion

1 day agostocktwits

Record-Breaking IPO: SpaceX is expected to launch its IPO with a valuation of up to $1.75 trillion, aiming to raise over $75 billion, potentially making it one of the largest IPOs in history, reflecting strong market confidence in its future growth.
Retail Investor Access: Elon Musk plans to allocate up to 30% of shares to retail investors, significantly higher than the typical 5% to 10%, providing ordinary investors with a rare opportunity to participate before the IPO, further fueling market enthusiasm.
Surging Investor Sentiment: Retail sentiment on Stocktwits has turned ‘extremely bullish’ regarding SpaceX and its related funds, indicating strong interest and willingness to engage in the upcoming IPO, showcasing the high level of attention the market is giving to the company.
Strong Fund Performance: The ARK Venture Fund (ARKVX) holds 17.96% of SpaceX, making it the fund's largest position, with a 63% return over the past year, significantly outperforming the S&P 500 Index, demonstrating investor trust in the fund and expectations for SpaceX.

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SpaceX IPO Plans: SpaceX is anticipated to file for an initial public offering later this year, signaling a potential growth opportunity for investors.
Investor Interest: Investors are actively seeking to purchase funds that hold pre-IPO shares of SpaceX, aiming to benefit from the company's expected boom.
Caution Advised: Potential buyers are warned to exercise caution when investing in pre-IPO shares, as risks may be involved.
Elon Musk's Ventures: The interest in SpaceX is tied to Elon Musk's broader ventures in rockets, satellites, and artificial intelligence, which are seen as promising sectors.

Anthropic Targets $60 Billion IPO Amid $380 Billion Valuation

1 day agostocktwits

IPO Progress: Anthropic is targeting a $60 billion IPO in October, reflecting its strong growth potential in the AI sector and positioning it as one of the largest listings this year, which could further solidify its market presence.
Surging Investor Interest: As the IPO approaches, ETFs like KraneShares and Destiny Tech100 have begun holding Anthropic shares, with approximately 2.5% of AGIX's holdings being Anthropic equity, indicating strong market interest in the company.
Profitability Expectations and Competition: Anthropic expects to achieve profitability by 2028, contrasting with OpenAI's projected $74 billion operating losses, highlighting Anthropic's competitive edge and sustainable growth potential in the AI industry.
Legal Challenges and Market Impact: Despite legal disputes with the U.S. government potentially affecting its business, Anthropic recently secured a preliminary injunction to pause the government's plan to sever ties, demonstrating its legal resilience and potentially boosting investor confidence.

RVI Shares Surge as Investors Eye Databricks IPO Potential

1 day agostocktwits

Strong Stock Performance: RVI shares surged 11% on Thursday, bringing the weekly gain to nearly 37%, indicating robust investor interest and positioning the fund for its best week since listing.
High Databricks Allocation: Databricks represents RVI's largest holding at 23.24%, making it the primary driver of recent investor interest, reflecting market anticipation for the company's potential IPO.
Morningstar's Positive Analysis: Morningstar labeled Databricks as the “cleanest institutional entry point,” noting its annual recurring revenue exceeded $5.4 billion in Q4 2025 with a 65% year-over-year growth rate, significantly outperforming Snowflake's 29%, highlighting its competitive market strength.
Diversified Investment Portfolio: In addition to Databricks, RVI holds stakes in several private companies like Revolut and Mercor, while maintaining nearly 20% of its assets in cash equivalents for future investments, showcasing its flexible investment strategy.

Interested in Investing in SpaceX Before the IPO? Check Out These 5 Funds That Already Hold Shares.

1 day agostocktwits

SpaceX IPO Valuation: SpaceX is expected to raise over $75 billion at a valuation of up to $1.75 trillion, with Elon Musk planning to allocate up to 30% of shares to retail investors, significantly higher than typical IPO allocations.
Investor Sentiment: Retail sentiment towards SpaceX has turned "extremely bullish," with several funds already offering pre-IPO exposure, indicating strong demand ahead of the company's public debut.
Comparison to Previous IPOs: The anticipated IPO could rival the scale of Saudi Aramco's 2019 debut, which raised over $29 billion, positioning SpaceX among the largest IPOs in history.
Fund Performance and Exposure: Various funds, including ARK Venture Fund and others, have significant exposure to SpaceX, with ARK holding nearly 18% of its portfolio in the company, reflecting investor confidence in its growth potential.