Jul. 18 at 2:08 AM
$ORBS $DXYZ The following compares ORBS and DXYZ and especially a stress test “severe assets zero” case where
* all SPVs of DXYZ (including Anthropic, SpaceX, OpenAI) would be valued at zero (but no discount to normal investments and cash)
* all private equity investments (including OpenAI, Beast Industries) +
$ETH.X would be valued at zero for ORBS (but no discount to
$WLD.X holdings and cash)
We can see ORBS is already trading near this severe stress test case, DXYZ is significantly above.
Both tickers are dramatically undervalued but ORBS is unprecedented in its discount.
Note if you set even ORBS’ holdings of WLD to zero we get a NAV of
$0.30, still less than the 70% downside in the DXYZ downside case
