How To Buy Shares In SpaceX, Discord, OpenAI, Stripe And More!

Stock Market News
27 Mar 202406:08

TLDRThe video discusses the recent public listing of Destiny Tech 100, an exchange fund (DXYZ) that uniquely holds stakes in private companies such as SpaceX, Discord, OpenAI, and others. The fund's volatility is highlighted, with its price fluctuating significantly on the first day. The speaker expresses mixed feelings about the fund's management, noting the founder's prior performance and public persona, while encouraging viewers to research and form their own opinions.

Takeaways

  • 🚀 The video discusses investment opportunities in private companies like SpaceX, Discord, OpenAI, and others.
  • 💡 Destiny Tech 100, trading under the ticker DXYZ, is an exchange fund that went public recently, offering a way to invest in private companies.
  • 🌐 The fund DXYZ holds stakes in various private and public companies, including SpaceX, Axium Space, Epic Games, OpenAI, Revolute, Stripe, and Discord.
  • 📈 DXYZ's stock price experienced significant volatility on the first day of trading, rising from $8.25 to $30 and then fluctuating in after-hours trading.
  • 🤔 The video creator expresses curiosity about the fund's investment rotation strategy and the background of its founder, who also founded Forge Global Holdings.
  • 🔍 The founder's high-profile presence and approach to discussing personnel matters publicly raises some concerns for the video creator.
  • 📊 Investing in DXYZ provides exposure to a diverse portfolio of companies, with SpaceX having the largest holding at 34%.
  • 🌟 The video highlights the benefits of community discussions, such as those on Discord, for staying informed about investment opportunities.
  • 🎥 The video creator encourages viewers to do their own research and share their thoughts on the investment potential of DXYZ.
  • 📉 The performance of Forge Global Holdings, previously led by the founder of DXYZ, is not impressive, which might influence investors' perception of the new fund.
  • 📈 Despite potential risks and the founder's background, the video creator seems intrigued by the opportunity to invest in a diverse range of high-growth companies through DXYZ.

Q & A

  • What is the main topic of the video?

    -The main topic of the video is about a newly public exchange fund called Destiny Tech 100 Incorporation (TI dxyz) that holds stakes in private companies like SpaceX, Discord, OpenAI, and others.

  • How can one invest in private companies like SpaceX, Discord, or OpenAI?

    -One can invest in private companies like SpaceX, Discord, or OpenAI through an exchange fund, specifically Destiny Tech 100 Incorporation (TI dxyz), which has gone public and allows for the buying of shares in these private companies.

  • What is unique about the Destiny Tech 100 Incorporation fund?

    -The uniqueness of Destiny Tech 100 Incorporation fund lies in its structure; unlike traditional funds that hold stocks or bonds, this exchange fund holds stakes in private companies.

  • What was the performance of TI dxyz on its first day of trading?

    -On its first day of trading, TI dxyz opened at $8.25 and went up to $30 within the same day. It also experienced volatility in after-hours trading, going from $9.98 to $17.

  • What is the role of community in the investment process?

    -Community, such as the Discord community mentioned in the video, plays a crucial role in the investment process by providing a platform for sharing information, insights, and alerts about investment opportunities and market trends.

  • What is the current portfolio composition of TI dxyz?

    -The current portfolio of TI dxyz includes a 34% holding in SpaceX, along with stakes in Axium Space, Epic Games, OpenAI, Revolute, Stripe, Clara, Discord, Public, Chime, and Instacart.

  • What is the speaker's opinion about the founder of Destiny Tech 100 Incorporation?

    -The speaker expresses some reservations about the founder of Destiny Tech 100 Incorporation, noting that the founder's previous company, Forge Global Holdings, is not performing well and that the founder's public discussions about firing employees are not impressive.

  • What is the advice given by the speaker regarding investment in the fund?

    -The speaker advises caution when investing in new funds like Destiny Tech 100 Incorporation, suggesting that it is best to observe the fund's performance before making significant investments.

  • How can one stay informed about investment opportunities?

    -The speaker recommends staying informed about investment opportunities by following his YouTube channel, joining communities like Discord, and being active in networks where information is shared, such as the community that alerted him to the TI dxyz IPO.

  • What is the significance of the volatility experienced by TI dxyz?

    -The volatility experienced by TI dxyz signifies that the fund's share price can fluctuate dramatically within a short period, which presents both high risk and high reward potential for investors.

  • What is the speaker's approach to discussing investment opportunities?

    -The speaker's approach is to provide information and insights about investment opportunities, including potential risks and his personal opinions, without pressuring viewers to invest, and encourages viewers to do their own research and make informed decisions.

Outlines

00:00

🚀 Introduction to Investing in Private Companies

The paragraph introduces the topic of investing in private companies such as SpaceX, Discord, OpenAI, and others. The speaker expresses the common desire among investors to have the opportunity to invest in these powerful and innovative companies, which are not typically available on the stock market. The discussion then transitions to a newly public exchange fund, Destiny Tech 100 Incorporation (TI dxyz), which offers a chance for the public to invest in private companies. The speaker shares the fund's performance on its first day, highlighting its volatility and the significant price fluctuations within a short period. The speaker also emphasizes the value of community, such as the Discord group 'boom market watch', in staying informed about investment opportunities and sharing insights.

05:01

🤔 Concerns and Background of Destiny Tech 100's Founder

In this paragraph, the speaker raises concerns about the background and credibility of the founder and CEO of Destiny Tech 100, the fund discussed previously. The founder's previous company, Forge Global Holdings, is mentioned to be underperforming, which casts doubt on the founder's ability to lead successful ventures. The speaker also criticizes the founder's public discussions about firing employees, suggesting that such matters should remain private. The paragraph concludes by encouraging viewers to do their own research and form their own opinions about the investment opportunity, acknowledging the fund's recent public listing and its inherent risks due to its volatility.

Mindmap

Keywords

💡Investing

Investing refers to the act of allocating resources, usually money, with the expectation of generating an income or profit in the future. In the context of the video, the speaker discusses the opportunity to invest in private companies like SpaceX, Discord, and OpenAI, which are not traditionally accessible to the public through the stock market.

💡SpaceX

SpaceX, or Space Exploration Technologies Corp., is an American aerospace manufacturer and space transportation company founded by Elon Musk with the goal of reducing space transportation costs and enabling the colonization of Mars. In the video, SpaceX is highlighted as one of the attractive private companies that investors might be interested in investing in through the newly public fund.

💡Private Companies

Private companies are businesses that are not publicly traded on a stock exchange, meaning their shares are not available for purchase by the general public. The video discusses the appeal of investing in such companies, which often include high-growth potential startups and unicorns, but usually have limited access for individual investors.

💡Exchange-Traded Fund (ETF)

An Exchange-Traded Fund (ETF) is a type of investment fund and exchange-traded product that holds a collection of assets, such as stocks, bonds, or commodities, and is traded on a stock exchange. Unlike traditional mutual funds, ETFs can be bought and sold throughout the day at market price. The video introduces a unique ETF that holds stakes in private companies, providing a new avenue for public investment in these typically inaccessible firms.

💡Volatility

Volatility refers to the degree of variation of a trading price series over time as measured by the standard deviation of returns. In the context of the video, it highlights the risk associated with the new ETF, as its value fluctuated significantly within the first day of trading, indicating potential for both high returns and high risks for investors.

💡Fintech

Fintech is an abbreviation for 'financial technology' and refers to the use of technology to improve and automate the delivery and use of financial services. The video discusses fintech companies, which are at the forefront of innovation in the financial sector, offering new ways to manage money and conduct transactions.

💡unicorn

In the business world, a unicorn is a privately held startup company valued at over $1 billion. The term is used to describe companies that have reached a significant market value rapidly, often due to innovative products or services. The video talks about the allure of investing in such high-value private companies, which are typically not open to the general public.

💡IPO (Initial Public Offering)

An Initial Public Offering (IPO) is the first sale of a company's shares to the public. In an IPO, a company transitions from being privately held to being publicly traded on a stock exchange. The video discusses the IPO of an ETF that holds stakes in private companies, which is a unique occurrence as these companies typically do not offer public shares.

💡Community

In the context of the video, a community refers to a group of individuals who share common interests and interact with each other regularly, often to exchange information and insights. The speaker mentions a Discord community called 'boom market watch' where members can discuss investment opportunities and share knowledge about the financial market.

💡Due Diligence

Due diligence refers to the thorough and careful examination of a company or investment to confirm all facts and ensure that all information is accurate before making a decision. In the video, the speaker emphasizes the importance of doing one's own research and understanding the risks associated with investing in a new and volatile fund.

💡Portfolio

A portfolio is a collection of investments held by an individual investor or a financial institution. In the context of the video, the portfolio refers to the selection of companies in which the newly public ETF has invested, providing a snapshot of the fund's holdings and investment strategy.

Highlights

Introduction to the topic of investing in private companies like SpaceX, Discord, and OpenAI.

Discussion on the possibility of investing in these private companies through a newly public exchange fund.

Mention of the fund's name, Destiny Tech 100 Incorporation, and its trading symbol DXYZ.

Explanation that the fund holds stakes in private companies, making it unique among other exchange funds.

Volatility of DXYZ's stock price on its first day of trading, with a significant price range.

The importance of being cautious when investing in new financial instruments like DXYZ.

Discussion on the value of community insights, such as the Discord community mentioned, in staying informed about investment opportunities.

Information on the founder of Destiny Tech 100 and his previous company, Forge Global Holdings.

Concerns about the founder's leadership and management style based on public information.

Current portfolio of DXYZ, highlighting SpaceX's significant 34% holding.

List of other notable companies held in DXYZ's portfolio, such as Axium Space, Epic Games, and OpenAI.

The potential of DXYZ as an investment vehicle for those interested in private tech companies.

The importance of conducting thorough research and due diligence before investing in new funds.

The role of social media and online platforms in shaping investment decisions and sharing information.

The presenter's personal opinion on the fund and its offerings, emphasizing the need for viewer discretion.

Encouragement for viewers to engage in discussions and share their thoughts on the investment opportunity.

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