Tim pitches DXYZ as a public market proxy for SpaceX exposure, calling it a back door holding for those who cannot access the IPO directly.
$DXYZ Fund is made up of 25 to 35% of SpaceX stock. Back door holding if you can't get in on the IPO. Buying the dip.
When she hears you have exposure to SpaceX ahead of the IPO (it’s a triple-layered SPV that you paid 20% upfront and 30% carried interest without knowing who ultimately owns the shares)
SpaceX has officially filed for an IPO targeting a $1.75T valuation.
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