DXYZ

Potential IPO Details: SpaceX is considering a record-breaking IPO in 2026, with a projected valuation of $1.5 trillion and an offering exceeding $30 billion, surpassing Saudi Aramco's previous record.

Current Valuation and Revenue: The company is currently valued at around $800 billion, with expected revenues of $15 billion in 2025 and $22 to $24 billion in 2026, primarily driven by its Starlink service.

Investment Opportunities: While SpaceX is not yet public, investors can gain exposure through major shareholders like Alphabet Inc. and Bank of America, as well as through funds like the Destiny Tech 100 Inc. and ERShares Private-Public Crossover ETF.

Impact on the Space Sector: A successful IPO could positively influence the entire space sector, benefiting companies like Rocket Lab Corp and space-focused ETFs, while also potentially offering Tesla investors a chance to invest in SpaceX.

Investing vs. Gambling: The article emphasizes the distinction between investing and gambling, highlighting that while gambling leads to losses, prudent investing focuses on long-term wealth creation and income generation, as exemplified by the CEF Insider service's portfolio yielding nearly 10%.

Destiny Tech100 (DXYZ) Warning: The author warns against the closed-end fund Destiny Tech100 (DXYZ), which has plummeted 63% this year and trades at a significant premium to its net asset value, making it a risky investment filled with speculative private equity.

BlackRock Technology and Private Equity Term Trust (BTX): In contrast, the BlackRock Technology and Private Equity Term Trust (BTX) is presented as a more reliable investment, offering a 9.9% dividend and focusing on publicly traded tech stocks, despite recent adjustments to its payout.

Opportunity in CEFs: The article concludes by suggesting that now is an opportune time to invest in undervalued closed-end funds (CEFs) yielding over 8%, as they are currently overlooked and could provide significant returns as market conditions improve.