Q: Hello Peter and team,
I would like to invest in Space X and closest i find it Ark Venture fund which does not seem to trade so was wondering what is the best way to invest in the Space X which is privately held. I would appreciate it.
I would like to invest in Space X and closest i find it Ark Venture fund which does not seem to trade so was wondering what is the best way to invest in the Space X which is privately held. I would appreciate it.
5i Research Answer:
Space X is still a private company, and thus it is not really accessible through the public markets. However, there is a closed-end fund (DXYZ) which has a high MER of 2.5%, a portfolio of 22 companies, with Space X being the largest holding (37.6%). Although, DXYZ currently trades at a 650% premium to its NAV, which reflects the high risk involved in this fund.
There is also a small Canadian stock Neptune Digital Assets (NDA) which last year announced it invested $250K into SpaceX.
We would consider both fairly speculative and highly risky, but the terms of its potential IPO are quite uncertain.