SPAX

prestodigitarium

There absolutely was a stock price, you can find it if you care to look, every private company has a share price, it's just a matter of how hard it is to find out. It's even on Yahoo Finance now, you don't even have to go to the secondary markets/digging for the Pitchbook info anymore: https://finance.yahoo.com/quote/SPAX.PVT/ Or you can generally roughly back it out by looking at funding amount/valuation announcements. I invest pretty regularly in private companies, people do talk about private companies being overvalued. There was a discussion about whether SpaceX was overvalued around $30B, and the second time, at $70B, because that rise happened very quickly, and they were already serving near almost all launch volume. And I'm sure there was discussion at $400B, but by that point, Starlink was much more clearly a viable business, which wasn't as clear at $30B.

JeffBezos_98km

Starlink, Starship, Starshield, Starbase.... $STAR would fit with the current branding. $SPAX would also fit with both Solar City (SCTY) and Tesla (TSLA) tickers just shortening their name.

ralphy112

Don't forget/overlook state taxes, even if you're paying 0% LTCG tax rates on a bunch of sales. In NY, all LTCG are still taxes as ordinary income, LT or ST, 0% or not. It's a smaller portion, but still there no matter what. I'm not able to now due to kids, but I'm finally old enough with enough assets that it definitely makes me want to set up residence in a 0% income tax state! Also, the 0% rate applies somewhat similarly with "qualified dividends", which have a certain holding period (read the rules, they are different). And if you use a broker like fidelity, even cash based "interest" can be counted as dividend through their money market SPAXX type items, and I'm still learning how those get taxed, and if they can count as qualified. Maybe not, but there is also SGOV, a treasury bond based cash equivalent holder, that usually will beat the SPAX interest rate if you are intent on holding large amounts of cash. I think SGOV dividends are partially exempt from state income tax too. It's a small optimization, but if you're holding excess amounts of cash it adds up. Until you can move to that 0% income tax state as a shelter.

R3ALT3CH

Not at all, I appreciate your input. You're definitely onto something, and many market analysts have speculated a major turn in the market in upcoming months. I have taken the possibility of that happening into consideration, and it has influenced my strategy. When I lock down profits, I keep a good percentage of that sitting in SPAX and invest the rest into other plays. When major indicators start coming up, I plan on stashing away more cash and will hopefully get back into the market at a discount. For now, im riding the wave with everyone else and being mindful so I dont get blindsided. Honestly hoping for the best lol.

OddAnalysis2207

May I interest you regards in IRDM, GSAT or ASTS? Spit that SATS and SPAX out.

Sauce__vv

rest in piss, smoking on that SPAX.PVT pack

moldyjellybean

So I sold and moved to what I thought was safest. SWVXX FDLXX and SPAX are these in danger now?

Shane606

I’m curious why FXAIX vs SPAX. I am looking at both potentially

mchem

Wait a month for the SPAX dividend. Then waste the last $3.50.

Equivalent_Plastic91

Not sure if this is included, but SPAX MM Fund w/ Fidelity. I have 65% of my retirement in it. I am retired and am sure I am not alone.

Flynn_Kevin

Fidelity SPAX MM is currently 4.40%

Turiladun

A long term call (1y or so) on SPAX may be worth thinking more about.