6 equity MFs, 4 direct stocks, 2 index funds, an international FOF. Told myself this was diversified. US tariff announcements hit earlier this year and everything dropped together. Because they all share the same return driver i.e. equity sentiment.
What actually constitutes a different return driver in your portfolio?
Has anyone actually figured out what’s going on with the NASA ETF SpaceX SPV?
I was looking at the public holdings / SpaceX exposure math and honestly it does not seem to add up.
From what I’m seeing, NASA ETF appears to show roughly 25,000 SpaceX shares tied to around $50 million of value.
So the simple math is:
$50,000,000 / 25,000 shares = around $2,000 per SpaceX share
That is a very high implied price.
Most SpaceX secondary-market numbers people discuss seem much closer to the $600-ish range, depending on timing, share class, fees, access, and structure. So I’m trying to understand why the NASA ETF SpaceX exposure appears to imply something so much higher.
Maybe I’m missing something, but the public math looks strange.
Main questions:
What are the actual NASA SpaceX SPV terms?
What price did they actually pay for the SpaceX exposure?
Are there management fees at the SPV level?
Is there carry?
Are acquisition fees or embedded costs included?
Is the holdings page showing cost basis, fair value, NAV value, or something else?
Are these actual SpaceX shares or an interest in an SPV that owns SpaceX shares?
And how are they continuing to add exposure if the implied price is this high?
I’m not saying I have the full answer, but if the implied number is really around $2,000 per SpaceX share, investors deserve a much clearer explanation.
Right now, the NASA ETF SpaceX SPV valuation looks confusing at best.
Maybe there is a reasonable explanation. But I have not seen one clearly laid out.
Anyone here dug through the filings or disclosures and found what explains the math? Because from the outside, the NASA ETF SpaceX holdings look like they raise serios questions.
Tried to make the case for Bonds. Got asked if they were as safe as a bank FD. Had no clean answer. Realised I was arguing return when they were asking about safety, those are different conversations. Anyone actually managed to shift this mindset at home? What worked?
Something I've started paying a lot more attention to recently is clarity.
Not just the returns, but actually understanding where the money is going, how those returns are being generated, what the risks look like on paper. Weirdly, that clarity gives me more confidence than chasing the highest number on the list. Feels like this doesn't get talked about enough especially in fixed income.
Hi, I’m looking for a comfortable office chair for my WFH setup.
I’ve checked out options like Green Soul Monster and Green Soul Raptor 2.0, and they seem decent. But before I finalize anything, wanted to ask if there are better options I should consider.
Main priorities: comfort for long hours, good back support, and durability.
If you’ve used something you’d recommend, please share. Thanks!