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ER🚨 Everyone’s rushing into VCX for exposure to private companies like OpenAI, Anthropic, Anduril, and SpaceX
📈 The stock ran over 1,200% in a week, but that doesn’t automatically make it a good investment
💰 The biggest issue is valuation�VCX’s net asset value is around $19 per share, while the stock is trading closer to $400
🤯 That means investors are paying roughly 20x what the underlying holdings are actually worth
⚠️ At that kind of premium, this stops being investing and starts looking a lot more like speculation
🚀 To put it in perspective, the implied valuation being placed on some of these holdings gets absurd fast
🧩 And it’s not even all direct ownership�A big chunk of the fund is held through SPVs, which adds another layer between you and the actual companies
🔒 Meanwhile, original investors are still locked up for 6 months and can’t even sell right now
👀 So while people are piling in, there are a lot of risks most buyers probably are not paying attention to
✅ Great companies do not always mean great investments at any price
📲 If you want to see actually good investments in my personal portfolio, check out the free Blossom Social app in my bio or comment STOCK and I’ll send it to you
@ericnomics
