u/Salt_Scarcity_9027

The thesis just got stronger.

SpaceX officially publicly filed for its IPO and is targeting a June 12 Nasdaq listing under ticker SPCX. Reports still point toward a $1.75T–$2T valuation, which would make this the biggest IPO in history.

This matters massively for DXYZ because it remains one of the ONLY liquid ways for retail investors to get direct SpaceX exposure before the IPO.

The market still hasn’t fully priced in what happens once SpaceX financials become public and private valuations get re-marked higher.

The S-1 also confirmed something huge:
SpaceX is evolving beyond rockets into AI infrastructure, Starlink, orbital compute, and hyperscale data ambitions. That changes the valuation framework entirely.

Meanwhile:
• IPO demand is expected to be enormous
• Retail participation could be historic
• DXYZ momentum keeps accelerating
• Attention hasn’t even peaked yet

We’re already seeing speculative flows ramp hard into DXYZ ahead of the IPO window.

Yes, the premium to NAV is risky.
Yes, this is a momentum/catalyst trade.
But scarcity + retail access + SpaceX hype + AI narrative is an explosive setup.

Most important:
We are still BEFORE the IPO.

Historically, anticipation is where these trades move hardest.

If SpaceX opens strong, DXYZ could see another major reflexive move as retail traders chase the closest available proxy.

Revenue is growing Made $36.3 million in 2025. Up 4% from the year before. Up 45% the year before that. The money is moving up.

9 new drugs launched last year All in cancer, heart health, brain disorders, and infections. More drugs = more money coming in every month.

Just raised $6 million Closed a fresh funding round this week. Could grow to $18 million if warrants are used. The company has cash to keep going.

Antiviral drug in the pipeline Working on a pill that fights COVID. Showed real results in animal studies. Early stage but worth watching.

Analyst price target: $7 Only one analyst covering it right now but they say Strong Buy.

Be careful though It is a penny stock. They keep selling new shares which dilutes the price. High risk. Do your own research. This is not financial advice.

TL;DR Revenue up Cash in the bank New drugs launching Antiviral pipeline High risk high reward

Here you go — ready to copy/paste:

🚨 U.S. Government is dropping $2 BILLION on quantum computinG and taking equity stakes. Here's what you need to know.

Breaking this morning via WSJ: The Trump administration is awarding $2B in grants to 9 quantum computing companies, and the government is taking equity stakes in return. This is a massive signal that quantum is now officially a national security priority similar to the chip industry push we saw with the CHIPS Act.

💰 Money breakdown (per WSJ / Reuters):

• IBM — $1,000,000,000 (yes, a full billion)
• GlobalFoundries — $375M
• D-Wave Quantum ($QBTS) — ~$100M
• Rigetti Computing ($RGTI) — ~$100M
• Infleqtion + others — ~$100M each
• Diraq (startup) — ~$38M

The big picture: This is about countering China's dominance in quantum and chipmaking. The government taking equity stakes is unusual — this is more like a strategic investment than a typical grant.

🤔 Questions for the comments:

1. Is government equity in private tech companies a good thing or a slippery slope?
2. IBM gets 50% of the total pie — is that too much for one legacy player, or are they truly the best bet?
3. Are smaller pure-plays like $QBTS or $RGTI worth the risk, or does gov money just mean more dilution?
4. China is pouring billions into quantum too — is $2B enough, or are we already behind?

💡 Trade ideas to discuss:

• $QBTS / $RGTI / $IONQ — pure-play quantum names, likely momentum plays on this news. High risk, pre-profit, very volatile.
• $IBM — the safer quantum play. Getting $1B and already profitable. Less upside but way less risk than the pure-plays.
• $GFS (GlobalFoundries) — $375M + existing semiconductor tailwinds. Underrated infrastructure play that flies under the radar.
• Beware the hype pump — quantum stocks already ran hard in late 2024/early 2025. News like this can spike-and-dump fast.

Welcome Welcome back. This one is for everyone who has been sitting on the sidelines doing the math on what they missed. Oil. Nvidia. Semiconductors. The calculator is lying to you. Because while you were looking backwards, something enormous is loading on the launchpad right now.

And this time, for once, you can see it coming.

LET'S TALK ABOUT THE SIZE OF WHAT IS ACTUALLY HAPPENING

The global space economy reached $626 billion in 2025 and is projected to grow at a 12% compound annual rate, reaching $1 trillion by 2034. The Motley Fool

Read that again. Not a niche. Not a speculative fantasy. A sector already generating over half a trillion dollars that is on a documented, projected path to a trillion.

And Wall Street is just now waking up to it.

Wall Street spent the last two years laser-focused on AI and semiconductors, pouring money into chips, data centers, and applications. But the next trillion-dollar boom could be happening 238,900 miles above your head. A second space race is already underway, and it is shaping up to be one of the most powerful industrial trends of the next two decades. InvestorPlace

Sound familiar? That is exactly what people said about AI in 2020 before Nvidia ran 800%.

THE CATALYST THAT CHANGES EVERYTHING

Here is what is different about this cycle compared to the oil run, the AI run, and the semiconductor run. Those cycles were already moving when most people found out about them. The space cycle has a single, dateable, unmissable starting gun.

SpaceX has confidentially filed for an IPO with the SEC. Bloomberg reported the company could seek a valuation of $1.75 trillion, with a listing around June. CNBC

CNBC has called it "the big market event of 2026." MarketWise

Let that sink in. The biggest IPO in the history of financial markets is weeks away. And the companies already in the sector are beginning to move.

Rocket Lab is up 57% and Intuitive Machines is up 46% since the IPO timeline emerged in March. Morgan Stanley curated a Space 60 list of companies positioned to benefit, and roughly 24 of those stocks have doubled year to date. Gotrade

This is still the early innings.

BUT WAIT. DIDN'T I MISS IT ALREADY?

This is the question everyone asks at the start of every cycle. And the answer is almost always the same.

No. You did not miss it. You are just scared of the number you see today compared to six months ago.

People said the same thing about Nvidia at $200. About oil stocks when Devon Energy was already up 100%. About semiconductors when ASML had already doubled off its lows.

The ones who said "I missed it" at those prices and stayed on the sidelines watched those same stocks double again.

AST SpaceMobile shares rose 244% in 2025, but analysts say do not assume you have missed the big launch. Forecasts for 2026 anticipate further rapid sales growth, with average estimates indicating revenue will rise by another 342%. The Motley Fool

The run that already happened is not the run. The run is what comes next.

THE NAMES ACTUALLY DOING THE WORK RIGHT NOW

This is not theory. These are real companies with real revenue and real backlogs growing right now.

Rocket Lab posted record quarterly revenue of $200.3 million in Q1 2026, a 63.5% year-over-year increase, and announced a backlog surge to $2.2 billion. 24/7 Wall St.

AST SpaceMobile already has approximately $1.2 billion in contracted revenue for 2027. It is building a space-based cellular broadband network aiming to provide 4G and 5G internet worldwide, and 2025 was the first year it became a revenue-generating business. U.S. News & World Report

Intuitive Machines guided 2026 revenue between $900 million and $1 billion, nearly five times higher than its trailing twelve months, driven by NASA Artemis contracts and defense awards. 24/7 Wall St.

Planet Labs reported fiscal 2026 record revenue of $307.7 million, up 26% year over year, with a $900 million backlog and 98% recurring annual contract value. 24/7 Wall St.

These are not promises. These are contracts. Backlog. Recurring revenue. This is the infrastructure layer of a trillion dollar industry being built right now.

THE PART THAT SOUNDS LIKE 2020 OIL AND LATE 2022 SEMIS

Remember what those sectors looked like right before they ran?

Oil was declared dead. Fossil fuels were done. The narrative was burial, not boom.

Semis had just reported a brutal earnings miss cycle. The headlines were all chip glut and collapsing demand.

Now look at space stocks as recently as 2023. SPAC disasters. Bankrupt moon companies. Headlines calling the whole sector a fraud. Retail investors burned by empty promises.

Many space-oriented stocks went public by merging with special purpose acquisition companies. Those SPAC-backed space stocks initially attracted a lot of attention, but most of them failed to live up to their own rosy expectations. Many went bankrupt, were derailed by regulatory challenges, or went private again. The Motley Fool

That graveyard is exactly why the legitimate survivors are now undervalued. The bad actors burned everyone. The real companies kept building. And now the SpaceX IPO is about to point an institutional firehose directly at this sector.

The narrative is turning. The money has not fully followed yet.

That gap is the opportunity.

THE PART ONLY SMALL INVESTORS CAN ACTUALLY ACCESS

This is the Buffett point that matters most for everyone in this subreddit.

The big funds cannot buy Rocket Lab, AST SpaceMobile, Intuitive Machines, or Planet Labs in any meaningful size without moving the price against themselves. The positions are too small for a multi-billion dollar fund. They will chase the SpaceX IPO and the large caps.

You are not too small. You are the right size.

"The highest rates of return I've ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. It's a huge structural advantage not to have a lot of money." -- Warren Buffett, 1999 Businessweek Interview (Source: gurufocus.com)

He was not joking. The small, off the radar names in a sector just before institutional money floods in is exactly the setup he was describing. That setup is sitting right in front of you right now in the space sector.

ONE MORE THING WORTH KNOWING

SpaceX claimed more than 80% of global rocket launches last year and has over 10,000 Starlink satellites in orbit. One investor told the Financial Times: "It is a truly unique business with the deepest moat that exists today. This company launches over 90% of Western payload into space each year." Fortune

SpaceX revenue is projected to grow from $15.8 billion in 2025 to $149.4 billion by 2040. Kiplinger

That is the anchor. And every company in the ecosystem, the launch providers, the satellite operators, the Earth imaging companies, the lunar infrastructure builders, gets lifted when that anchor goes public.

Morgan Stanley just released a list of 60 public companies across the full space supply chain that stand to benefit. Sixty companies. Most retail investors have not heard of half of them yet.

CLOSING THOUGHT

You did not miss oil. You did not miss AI. You did not miss semis.

You were just watching the wrong launchpad.

The space cycle is not a rumor. It is not a Reddit hype post. It is a $626 billion industry growing at 12% annually with the largest IPO in market history weeks away from lighting the fuse under the entire sector.

The pattern is the same as every cycle before it. Sector gets written off. Survivors keep building quietly. One catalyst arrives. Money floods in. The people who were positioned before the flood remember it forever.

The launchpad is right there. The countdown is live.

From pennies to fortune. Keep running.

hmmmmmmmmmmmmmm

spiked to a high of $0.64 today on volume of 197 million shares against an average of just 26 million that's nearly 8x normal volume. something woke up.

and it's not random the earnings dropped and they actually weren't bad:

revenue up 29% year over year to $21.1M, gross profit more than tripled, and gross margin expanded to 8.1%. adjusted EBITDA improved and interest expense dropped 80%. for a sub-$1 stock that's real progress.

the bigger picture is interesting too this company is building across AI-driven microgrids, battery storage, wireless EV charging, and mobile fuel delivery all under one platform. they're also tied to NeutronX which has federal defense and energy infrastructure contracts in the pipeline.

one analyst has a Strong Buy with a $5.00 price target. stock is at $0.37. make of that what you will.

yes there are risks still losing money, tight liquidity, and it pulled back hard off the high today. but the volume and the earnings combo makes it worth watching.

it spiked, looked promising, and then just… didn't hold. instead of continuing it rolled over and kept selling. down nearly 10% in a single session, and down almost 74% over the past year. that stings, especially when you had conviction on the setup.

if you took a loss here, you're not alone and you're not stupid. this is just the reality of small cap trading sometimes the chart sets up perfectly and the stock still doesn't cooperate.

some perspective from people who've been here before:

Warren Buffett once said "the most important thing to do if you find yourself in a hole is to stop digging." if SRXH isn't behaving the way you expected no shame in stepping away.

Peter Lynch put it simply: "know what you own and know why you own it." if the reason you got in no longer exists, the position doesn't have to either.

and maybe the most honest one Jesse Livermore: "the market is never wrong. opinions often are."

what actually happened here

the company pivoted hard investing over 10% of its capital into a SpaceX-focused fund, shifting away from its core health operations. the crypto strategy they've been running also underperformed the broader market. the story kept changing and the market didn't reward it.

fundamentals aren't helping either operating losses of $11.4M on just $6.5M in revenue, and short interest has grown nearly 1,845% over the past year. the smart money was clearly skeptical.

losses happen to everyone. what separates good traders isn't avoiding losses — it's how small you keep them and how fast you move on.

shake it off. the next setup is coming.

CXApp (NASDAQ: CXAI) is a small-cap agentic AI company focused on enterprise workplace intelligence

AI-powered workplace platform — think smart office tools, spatial analytics, and workflow automation for Fortune 1000 companies. They serve tech, finance, healthcare, and entertainment sectors.

**Recent catalysts:**

Q1 2026 earnings beat — $950K revenue, came in ahead of estimates

Bookings up 12.5% YoY — business momentum is building

98% subscription revenue mix — high recurring revenue is

83% gross margins — strong unit economics

$5M in new enterprise contract wins last quarter

Google Cloud partnership announced

whole sector is running. NVDA, AMD, the big boys are all moving. and when the big semis run, money starts trickling down into the small ones. $GCTS is one of the names catching that wave right now.

but it also has its own story cooking underneath:

they just signed a reference platform deal with one of the world's largest satellite communications providers building their 5G and 4G chipsets directly into next-gen satellite and terrestrial network equipment.

Q1 revenue came in at $1.92M up 287% year over year. 5G chipset shipments grew 58% sequentially. the actual business is starting to move.

on the chart it's been quietly stair-stepping higher lows from the $1.29 range into the mid $1.60s. not a wild spike, a grind. that's the pattern you actually want to see.

yes the fundamentals are rough and it's still burning cash. this is a trader's stock not a buy-and-hold. but when the sector is hot and a name has real 5G catalysts behind it, these things can move fast.

worth having on your radar this week.

Yes, this has multiple green flags of a sympathy play

$VRAX went from a low of $0.15 this morning all the way up to a $0.42 high today. currently sitting around $0.31 that's +109% off the low in a single session.

and the volume? 257 million shares traded today against an average daily volume of just 6.48 million. that's nearly 40x normal volume. something woke up

Shares of Sunshine Biopharma (SBFM) shot up over 684% on Monday with absolutely no explanation behind the move. The company put out zero press releases and filed nothing new with the SEC that could justify the surge. There are also no upcoming events or announcements on the calendar that would give investors any reason to be buying this hard.

HIVE just dropped a massive announcement this morning — a $2.5 billion USD AI data center campus in Ontario, Canada. This isn't hype, this is a real business pivot with land already purchased, power secured, and a clear timeline. Here's why I'm bullish.

📰 THE NEWS (what happened today)

HIVE's subsidiary BUZZ HPC announced plans to build a massive AI-focused data center campus in Ontario. The facility is designed for 320 MW of power capacity and will house over 100,000 GPUs for AI training and inference workloads. Total investment is estimated at CAD $3.5 billion (~USD $2.55B). Target go-live: second half of 2027.

They already bought ~25 acres of land near the Toronto-Waterloo tech corridor for CAD $58M. The site sits close to the University of Toronto and the Vector Institute — basically the heart of Canadian AI research.

Stock went from $2.69 Friday close → $3.58 premarket this morning. That's a +33% move overnight.

🤖 THE BIGGER PICTURE — This Is a Full AI Pivot

This isn't just one announcement. HIVE has been repositioning itself for months:

In March, HIVE described itself as being "in the middle of a big business-model shift," converting mining infrastructure into AI/HPC cloud facilities. A month later they launched a $115M zero-interest convertible note specifically to fund GPU-based AI data centers — using repurposed hydro-powered mining sites.

CEO Aydin Kilic called it a pivot "from Bitcoin mining to AI cloud computing" — while still keeping mining running in the background.

Their exec chairman Frank Holmes put it perfectly: "AI is the new industrial base and compute is the factory floor. Countries that own the machines will write the future."

They're framing this as sovereign Canadian AI infrastructure — so domestic companies don't have to rely on US cloud giants like AWS or Azure. That's a real moat and a real government tailwind in Canada right now.

₿ THE CRYPTO ANGLE (still matters)

HIVE still holds around 481 BTC on its balance sheet. Bitcoin is currently trading around $77,300, so that's roughly $37M in BTC holdings as a floor.

They're not abandoning crypto — they're just adding AI on top of it. If BTC rips again, HIVE gets a double catalyst: crypto mining profits AND AI infrastructure growth. Best of both worlds.

THE BULL CASE IN SIMPLE TERMS

30%+ move today — market is clearly reacting
Real assets — land purchased, 320 MW power secured
$2.5B investment plan — this is serious, not a press release pump
AI + Crypto hybrid — two of the hottest sectors in one stock
Canadian AI angle — government tailwinds for domestic compute
Low debt, clean balance sheet — they can actually fund this
Four-month high — reclaiming key technical levels

RISKS (be honest with yourself)

• Facility doesn't come online until 2027 — this is a long hold
• Still losing money (not profitable yet)
• Bitcoin price affects the mining side of the business
• Big capex projects can have cost overruns

"The stock market is a device for transferring money from the impatient to the patient." — Warren Buffett

Good things take time. The best investments rarely reward those who rush. Markets will rise, fall, and test your nerves — but the investor who sits still, stays calm, and thinks in years rather than days is the one who wins in the end. Plant the seed, water it with discipline, and let time do the heavy lifting.

These include Robert Half (RHI), RELX (RELX), Thomson Reuters (TRI), FactSet (FDS), and Intuit (INTU). All five pay dividends and earn profits and positive operating cash flow. Their prices are 43–62% off their highs, suggesting deep pullbacks. Market caps range from ~$3.6–149 billion. Each has a 2025 net income of hundreds of millions (Intuit in billions) and strong cash flows. Dividend yields span ~1.2% (Intuit) up to ~9.4% (RHI), with generally conservative payout ratios (RHI's is very high due to a special dividend). Valuation multiples are modest (P/E 13–27) and debt levels low-to-moderate. Recent catalysts include AI-driven product launches (INTU, RELX), major share buybacks (TRI, RELX, FDS), and strong 2025 results. Buy reasons include high yields or growth prospects, undervalued multiples, and strategic initiatives (AI/data expansion, share repurchases, franchise strength). Risks include economic slowdown hitting staffing/advertising (RHI, RELX), tech competition or execution (INTU, FDS), and dividend sustainability if profits falter. Further due diligence on each sector is advised.

RHI (NYSE) — Price: $25.12 | 52-wk High: $48.20 | % Off High: –47.9% | Market Cap: $3.6B | 2025 Net Income: $133M | 2025 Op. CF: $320M | Dividend Yield: 9.39% | Payout Ratio: ~181% | Dividend Track Record: 22 yrs ↑ | P/E: 19.4

RELX (NYSE ADR) — Price: $32.03 | 52-wk High: $56.33 | % Off High: –43.2% | Market Cap: $58B | 2025 Net Income: ~£2.06B (≈$2.6B) | 2025 Op. CF: ~£3.74B | Dividend Yield: 2.67% | Payout Ratio: ~ (not disclosed) | Dividend Track Record: Decades (FTSE100 constituent) | P/E: 21.8

TRI (NYSE) — Price: $83.41 | 52-wk High: $218.42 | % Off High: –61.8% | Market Cap: $59.3B | 2025 Net Income: ≈$2.13B | 2025 Op. CF: $2.65B | Dividend Yield: 3.01% | Payout Ratio: est. ~40–50% | Dividend Track Record: >30 yrs (spun off 2008) | P/E: 23.9

FDS (NYSE) — Price: $212.58 | 52-wk High: $474.79 | % Off High: –55.2% | Market Cap: $7.7B | 2025 Net Income: $597M | 2025 Op. CF: $726M | Dividend Yield: 2.07% | Payout Ratio: ≈60% (est.) | Dividend Track Record: 27 yrs ↑ | P/E: 13.7

INTU (Nasdaq) — Price: $393.10 | 52-wk High: $813.70 | % Off High: –51.7% | Market Cap: $149B | 2025 Net Income: $3.87B | 2025 Op. CF: $6.21B | Dividend Yield: 1.18% | Payout Ratio: ~22% (est.) | Dividend Track Record: ~11 yrs ↑ (since 2015) | P/E: 25.5

Recent Catalysts Timeline

2025-05 — FactSet raises quarterly dividend 5.5% (27th year)

2026-02 — Thomson Reuters announces US$600M buyback & $605M capital return

2026-02 — Relx (RELX) 2025 results: +7% dividend, £2.25B buybacks

2026-05 — Intuit launches AI-powered Enterprise Suite enhancements

Each of the above stocks trades well below its prior peak yet remains profitable and dividend-paying, making them attractive for further analysis. However, investors should consider the inherent risks in each (economic cycles, competitive dynamics, and payout sustainability) before buying. All data is as of mid-May 2026, with financials from 2025 annual results. Additional due diligence is recommended.

If you have other ideas comment them below!

Press Release: SRx Health Solutions Announces Board Approval to Dividend 75% of Profits from Investment in Astro Investment XVII, an Affiliate of Astro Capital and SPV with Investments in SpaceX and Other Artificial Intelligence and Space Companies

What DXYZ Actually Is

Destiny Tech100 is a closed-end fund listed on the NYSE that does something almost no other publicly traded vehicle does: it holds direct equity stakes in some of the world's most valuable private companies. SpaceX is its largest single holding at 16.2% of the portfolio. The fund also holds positions in OpenAI, Anthropic, Hermeus, and 28 other late-stage private tech companies. For retail investors who cannot write $100,000 minimum checks to access private markets through Forge or EquityZen, DXYZ is the only way to get this exposure with a regular brokerage account.

The SpaceX IPO Catalyst Is Not Speculation. It Is on a Confirmed Timeline.

SpaceX is targeting a $1.75 trillion to $2 trillion valuation and aims to raise $75 billion, which would make it the largest IPO in history. A confidential S-1 was filed with the SEC on April 1, and the roadshow is projected to begin the week of June 8. Based on securities regulations requiring registration statements to be public at least 15 days before marketing, the public S-1 filing is expected the week of May 18 to May 22. This is weeks away, not months. The clock is running.

That matters directly for DXYZ because the closer SpaceX gets to IPO, the more accurately the market can price the underlying position in the fund. Right now, DXYZ's SpaceX stake is valued on stale private market numbers. Once the S-1 drops and the public sees audited financials, that valuation gets re-marked, and the fund's NAV should move significantly higher.

The SpaceX Business Itself Is the Real Story

Starlink ended 2025 with 9.2 million subscribers and over $10 billion in revenue, a figure analysts project could reach $24 billion by the end of 2026. Starlink generated $4.42 billion in operating income in 2025. That is not a startup burning cash hoping something works. That is a profitable, high-margin satellite internet business with almost no real competition at scale. It also has a near-monopoly on launch services, government contracts totaling $24.4 billion since 2008, and Starship development that could cut launch costs to levels no competitor can match before 2030.

Altimeter Capital founder Brad Gerstner outlined SpaceX's "five-layer cake" spanning launches, Starlink connectivity, hyperscale processing, space data centers, and AI applications, and said SpaceX could become an immediate competitor to hyperscalers, potentially adding up to $5 billion in additional annual revenue. That AI infrastructure angle is new and most people are not pricing it in yet.

The NAV Has Already Been Surging

Destiny Tech100 reported a net asset value of $19.97 per share as of December 31, 2025, up 76% from the prior quarter and more than 210% from a year ago, with total portfolio fair value hitting $434 million. The fund then added $127 million of exposure through investments in Anthropic, Chaos Industries, and Hermeus Corporation. The NAV is growing, the portfolio is expanding, and none of these private valuations have been fully marked to current market reality yet.

The Premium Argument

Here is where bears will push back, and they are not completely wrong. As of May 8, DXYZ closed at $54.60, representing a premium of about 173% over the official NAV of the fund's assets. You are paying roughly three times the last reported book value. That looks expensive on paper.

But here is why that framing misses the point. The NAV is based on December 2025 private market valuations. SpaceX's valuation target jumped from $1.75 trillion to above $2 trillion, and Polymarket has $2 trillion plus as the leading market cap outcome at 47%. When SpaceX was last valued for the fund's NAV calculation, it was nowhere near $2 trillion. The fund's stated NAV is a lagging number. The market is simply pricing in the upcoming re-mark that will happen once the S-1 is public and the IPO prices. The premium is not irrational speculation. It is forward pricing of a known, imminent event.

The Retail Access Angle Is a Real Differentiator

SpaceX plans to allocate up to 30% of its IPO shares to retail investors, roughly three times the standard allocation for an offering of this size, with the CFO reportedly telling the underwriting syndicate that retail is going to be a critical part of this and a bigger part than any IPO in history. This means massive retail demand is coming. DXYZ captures some of that demand right now as a proxy. As the IPO hype cycle builds over the next six weeks, flows into DXYZ should continue.

Year-to-Date Performance and Momentum

DXYZ stock has risen 44% year-to-date and recently rallied for a second straight week to close at $54.60, its strongest weekly performance in more than two years. The momentum is there, the catalyst is confirmed, and the timeline is tight. This is not a "wait and see" situation. The S-1 drops in days, the roadshow starts in weeks, and the IPO should hit before the end of June.

The Portfolio Beyond SpaceX

SpaceX is the headline, but the rest of the portfolio is not filler. Databricks is among DXYZ's holdings expected to pursue an IPO this year, described as sitting at the center of the enterprise data and AI stack. OpenAI is also held, with revenue running near $20 billion annually and potential to reach $60 billion by year end, while also exploring a late 2026 listing. If even one of these names goes public at a high valuation, the NAV re-mark is significant.

What to Watch as Risks

The premium to NAV is real and can compress fast if the SpaceX IPO gets delayed or prices below expectations. The fund also runs an at-the-market share sale program, meaning dilution is possible. Cathie Wood of ARK Invest has publicly argued that investors are paying a much higher price for daily liquidity compared to private alternatives. Those are fair critiques. This is not a buy-and-hold-forever position. It is a play on a specific catalyst window, specifically the six-week period between now and the SpaceX IPO pricing.

Bottom Line

The largest IPO in history is weeks away. DXYZ is the only liquid, publicly-traded vehicle where a regular retail investor can hold direct SpaceX exposure right now without being an accredited investor. The portfolio NAV is based on stale private valuations that will be re-marked sharply higher once the S-1 is public. Momentum is strong, the timeline is confirmed, and the retail hype cycle has not even fully started yet. For a near-term trade timed around the SpaceX IPO, the setup is as clean as it gets.

The Setup

FIG IPO'd at $33 in July 2025, ran all the way to $142, and has since crashed back near its all-time low of $16.60. The stock is now sitting around $20. That is an 86% haircut from the top on a company that just posted one of the cleanest earnings beats in tech. The punishment does not match the business.

The Earnings Catalyst (Just Happened)

Figma just delivered a blowout Q1, with revenue jumping 46% year-over-year to $333 million, a second straight quarter of acceleration. EPS came in at $0.10 vs $0.06 expected, a 67% beat. Revenue topped projections by over 5%. Management raised full-year revenue guidance by $55 million and lifted operating income forecasts by $25 million. That is a clean beat and raise with no asterisks.

Why the Business Is Sticky

Net Dollar Retention hit 139% as of March 31, the highest in over two years, meaning existing customers are spending significantly more over time. Paying customers grew 54% year-over-year to roughly 690,000, and new users upgrading to the Pro Team plan grew over 150% year-over-year thanks to AI adoption. That is enterprise stickiness and expansion in the same print.

AI Is Actually Converting to Revenue

AI credit monetization launched March 18 and blew past internal targets in just weeks. Products like Figma Make, MCP, and Figma Weave are driving real seat expansion, not just hype. This is not a "we plan to monetize AI eventually" story. It is already showing up in the numbers.

Valuation Gap

The average analyst 12-month price target sits at $40.25, with a high estimate of $60. The stock is at $20. At roughly 10x sales, FIG trades well below its IPO multiple. Goldman Sachs has a $54 target and Piper Sandler holds an Overweight. Even if you cut every bull target in half, you still have 50%+ upside from here.

Balance Sheet

Figma ended Q1 with $1.6 billion in cash, equivalents, and marketable securities, with a 27% free cash flow margin. This company is not burning down. It is self-funding.

The Bear Case to Know

The GAAP losses are big, driven largely by stock-based compensation tied to the IPO. Insider selling has been consistent. Google dropped a competing "vibe design" product in March that knocked the stock 12% in two days. Competition from Adobe and AI-native design tools is real. These are the reasons the stock got crushed, not because the business fell apart.

Bottom Line

Fresh beat-and-raise earnings with accelerating growth, a 139% NDR, AI monetization already converting, $1.6B in cash, and a stock sitting near its all-time low with analyst targets 2x the current price. For a couple month swing, the risk/reward is there. The earnings overhang is now cleared and the story is improving. Not a long-term buy-and-forget, but as a bounce play off a washed-out IPO with real fundamentals behind it, this fits.

Ticker : $fig

$VRAX – Virax Biolabs CEO outlined a focused 90–180 day roadmap for ViraxImmune™ targeting post-acute infection syndromes like Long COVID, with ISO certifications achieved and a $5M private placement completed. Still a micro-cap battling a Nasdaq minimum bid compliance issue. Speculative biotech momentum play.

$SRXH – SRx Health Solutions Invested over 10% of its capital into Astro Investment XVII, an SPV with exposure to SpaceX and other AI/space companies, as part of its broader EMJX merger strategy. Pivoting hard into crypto + AI treasury plays high-risk, high-speculation name.

$TDIC – Dreamland Limited Shares exploded ~877% after its subsidiary Trendic International signed a non-binding MOU with Hong Kong-based LinkFung Innovation to develop an AI-powered intelligent image library platform. Classic AI-headline-fueled penny stock spike.

$QUCY – Quantum Cyber Shares surged over 316% as the company, which rebranded this year from a human feces analysis company (Mainz Biomed) to an AI and quantum computing defense platform, attracted massive speculative volume. Pure rebrand/hype momentum trade with extreme caution.

Two completely different setups, but both showing why patience matters in the market.

$CREG (Smart Powerr Corp)
Currently around $0.25 with a 52-week range of $0.19 – $14.70

This thing just ran +107% on the week.

Bull case:
• Chinese energy tech company pushing hard into EV ultra-fast charging + energy storage infrastructure
• Recently signed a strategic cooperation with Shidai Huazhi Energy, led by a former CATL executive, to build integrated photovoltaic + storage + charging stations
• Targeting 30% microgrid response capability by 2026
• Was once at $14.70, now sitting near ATL levels
• Beta of 5.29 so this thing moves FAST

Risk:
• Nasdaq delisting notice in April 2026 for bid price compliance issues
• Thin liquidity means violent reversals can happen fast
• Chinese company = lower transparency

This is a momentum setup, not a long-term hold.

$LESL (Leslie’s Pools)
Currently ripping +30% after earnings

This was one of the most hated names coming into earnings. Last 5 earnings reports averaged a -23.72% reaction. Bears were comfortable here… until today.

What changed:
• Q2 2026 revenue up 4.3% to $184.7M
• Comparable sales up 6.6%
• Customer count up 8% YoY
• Gross margin expanded to 28.9%
• Beat estimates by 13.5%
• Triggered 36 momentum scanner alerts

Why bulls are watching:
• Their “Price Drop” strategy is actually working
• Full-year guidance of $1.1B–$1.25B sales maintained
• Stock was down nearly 89% over the last year before today
• Market cap was only around $14M against $1.2B revenue
• Massive disconnect if turnaround holds

Risk:
• Still burning cash
• Closed 80 stores
• Net loss of $52.5M this quarter

This is an early turnaround story, not a safe balance sheet play.

$SRXH is touching $0.1788 intraday off a base of $0.12 last week. That's a +49% move in days. Volume yesterday hit 105M shares. Here's what matters right now.

WHAT'S HAPPENING

Uptrend confirmed from May 7 double bottom at $0.112

Broke through every resistance level — $0.124, $0.134, $0.144, $0.160 — all clean

Volume surging alongside price — textbook momentum signal

Short interest up 440% over 12 months — squeeze fuel likely adding to this run

WHERE WE ARE NOW

Level	Price	Status
Today's peak Premarket	$0.1788	HERE NOW
Next resistance	$0.200	Psychological wall
200-day SMA	$0.253	Heavy overhead
Series B conversion	$0.3182	HARD wall ⚠️
Series B warrants	$0.3182	Double wall ⚠️