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The stock $DXYZ, known as the 'SpaceX portfolio play,' surged 91% on its first day of trading. It experienced a volatile second day, initially rising over 60% before encountering trading halts as exchanges tried to understand the situation. $DXYZ is a unique 'fund' that holds private companies like SpaceX, Open AI, and Stripe, providing investors with exposure to otherwise hard-to-access investments.
If $DNA starts to show promise we can buy shares of the company at any time. A FOMO YOLO approach to investing rarely works out. Being cautious in synbio is particularly warranted. Just ask investors in Zymergen, Intrexon, Amyris. This space is littered with broken dreams.
A private-market ETF quietly launched this week -- NYSE: $DXYZ. 35% of it's holding are @SpaceX, but there's also exposure to @boomaero, @openai, @brex, @stripe, @flexport, and a bunch of other great startups Not investment advice, but interesting. https://t.co/HhhKcO9q2J https://t.co/lhrjunzVuV
$DXYZ is a "fund" owning private companies like SpaceX, Open AI and Stripe which are hard to invest in as a regular investor I was excited to see this but then I saw this isn't a fund, it's also not an ETF, it's just a stock! An ETF's price is reflective of its holdings A… https://t.co/HOgmJeqO2F https://t.co/ZPE5P0czw5