DXYZ: Major Crash Incoming [WARNING]
Destiny Tech 100 is a closed-end fund of private companies that recently became available to the public via DXYZ stock. The problem? Shares are massively overvalued at a premium of over 2,000% to net asset value (NAV) at the time of recording. DXYZ promises investors exposure to exciting startups like SpaceX or Stripe. However, the valuation means we wouldn't touch this fund with someone else's 10-foot pole. In fact, most venture capital funds actually trade at a discount to NAV, not a premium. We'll explore some other alternatives if you're looking to get SpaceX exposure at a more reasonable…
The skinny
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