SpaceX IPO Approaches, DXYZ Emerges as Retail Investment Favorite
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2026
0mins
Source: stocktwits
- IPO Anticipation: SpaceX is expected to release its IPO prospectus next week, targeting a fundraising amount between $70 billion and $75 billion, which, if successful, would mark one of the largest listings in Wall Street history with a valuation exceeding $1.75 trillion, significantly boosting investor confidence and driving related stock prices higher.
- DXYZ's Strong Performance: As a major retail proxy for SpaceX, DXYZ has 16.2% of its portfolio allocated to SpaceX, with a net asset value reaching $19.97 per share as of December 31, 2025, reflecting a 76% increase from the previous quarter, indicating robust market demand and investor interest in high-tech firms.
- ETF Investment Opportunities: ETFs like NASA and XOVR have also garnered investor attention, with NASA holding a 10% stake in SpaceX and XOVR having 10.86% exposure through special-purpose vehicles, providing a dual advantage of liquidity and access to private market investments, further enhancing investor participation.
- Retail Sentiment Surge: On the Stocktwits platform, retail sentiment around DXYZ and NASA is deemed 'extremely bullish', while XOVR shows a 'bullish' sentiment, indicating that investors are highly optimistic about SpaceX's upcoming IPO, which could trigger a significant influx of retail investment.
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Analyst Views on DXYZ
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.
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- Starlink Revenue Surge: In 2025, SpaceX is projected to generate $18 billion in revenue, with its Starlink satellite internet business contributing $11.4 billion, accounting for 61% of total revenue, highlighting its strong market performance and profitability, especially with Starlink's paid subscriptions reaching 10.3 million in Q1 2026, doubling from the previous year.
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See More
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- User Growth: As of Q1 2026, Starlink had 10.3 million paid subscriptions, doubling from the previous year, indicating rapid expansion and a solid user base in the global internet access market.
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