Something to consider moving forward when you want to own Private Companies through ETFs or Proxies by believing they own shares on their balance sheets. Just don’t do it.
$SATS gets a free pass because SpaceX bought spectrum from them and as soon as they did, it jumped up months ago but got whacked yesterday.
$DXYZ stands out as “What the Hell was the exposure at a 14.5% weight of SpaceX and has been mostly #1 for 2 years.”
$XOVR absolutely took fees from people and never represented what they claimed. Same with
$RVI. The only ones that passed the test and were positive yesterday with showing they owned shares was
$ARKVX $RONB and
$VCX. What needs investigated is the others owning SPV (Special Purpose Vehicles) that I suspect were forced buyers of shares at full price post-IPO yet they advertised and lured investors in with perceived ownership for months prior and the ownership offered zero value to improve their NAV at prices that doubled over the last 6 months. I didn’t include
$NASA (Down 9.39% ) because the entire Space Sector beyond SpaceX got wrecked yesterday. My view that Target Date Funds should have access to Private Holdings has now changed. If it’s not Certified Exposure just avoid it. Private Holdings aren’t liquid enough to represent reality and many of these Funds weren’t wearing the clothes they said they were when the Tide went out. They were naked of SpaceX.