Mar. 29 at 11:13 AM
$DXYZ
Missing Key Valuations
SpaceX (
$350B -
$800B+ Valuation): SpaceX is DXYZ's largest holding (approx. 16.2% of the portfolio). With SpaceX potentially approaching a
$1.5 trillion valuation for a 2026 IPO, and recent secondary sales potentially pushing it higher, the 2025 NAV significantly undervalues this position.
Anthropic (
$61.5B+ Valuation): DXYZ expanded its position in Anthropic, a major AI competitor, adding
$100 million in exposure via a special purpose vehicle (SPV) in February 2026. This, combined with reported surges in Anthropic's valuation (some reports exceeding
$300B+ in new funding rounds, though contested), likely means DXYZ's reported NAV does not capture the full value of this new exposure.
Other Potential Markups: The portfolio includes other high-valuation private companies like xAI and Databricks, which have also seen increased funding rounds.
