Happy Saturday!

It's time for another reader Q&A.

Each week, I answer all of the questions in my inbox.

As always, I can't provide personalized financial advice, but I'm happy to share my thoughts, research, and how I'm thinking about the market.

Let's get started.

I own shares of USA Rare Earth (USAR), Planet Labs (PL), and AST SpaceMobile (ASTS). I’m down on all three positions. What would you do? Sell and take the loss or just wait until they come back up? – Cindy

Hi, Cindy. Yesterday, I talked about how the stock market is forward looking and how a handful of industries are about to see exponential growth.

The three stocks you mentioned fit that description.

USAR Revenue 2025-2027: $1.6M → $73M → $677M

PL Revenue 2025-2027: $308M → $436M → $571M

ASTS Revenue 2025-2027: $71M → $169M → $722M

None of these investment theses will be decided over the next few weeks or even the next few months.

They'll be decided by whether those businesses execute over the next several years.

Personally, I’m sticking with them.

SpaceX is down to $112. Is this a green light to buy? – B

Let’s wait until after the lockups expire, B.

That’s when all the SpaceX employees and insiders can begin selling shares.

This added selling pressure will likely drop the stock price even further – probably under $100.

SpaceX reports its first earnings results as a public company on August 4. Then, two days later, 20% of shares will unlock and become freely traded.

Let’s check back in a few months around Q3 earnings season. For now, I’m staying away.

I bought Destiny Tech100 (DXYZ) trying to get some exposure to SpaceX. DXYZ has been falling. What do you think? – Roberto

Hi, Roberto. I’ve talked about the risks of these funds before. Here’s what I’ve said:

The biggest risk is that these funds typically trade at a premium to the value of their underlying assets. This happens because the underlying assets are shares of heavily demanded private companies like SpaceX, OpenAI, Anthropic, etc.

But now ask yourself… What happens when SpaceX, OpenAI, Anthropic, etc. go public?

Do investors need to buy DXYZ, BPTRX, XOVR, etc.?

No. They’ll buy shares of these companies directly. The premium investors are currently paying for “proxy” funds will likely evaporate.

I hope this helps.

I’ve had a little bit of experience with trading years back, but never in the stock market. Is there a video that helps explain exactly how to go about this? – Lisa

Hi Lisa, I think you’ve come to the right place.

First, I’d point you to our Wealth Desk.

Here you'll find a collection of free beginner's guides covering many of the investing tools and strategies I use myself.

Second, I truly believe The Million Mission is a great place to learn about investing.

Yes, I'm investing my own money in real time. But because of emails like yours, this newsletter has also evolved into an educational resource.

So stick with The Million Mission as I continue breaking down the stock market and sharing everything I've learned along the way.

Which day and/or email do you post the stocks in your portfolio? – Wanda

Every Saturday! See below!

Important Update: The Million Mission website is live!

I constantly get questions regarding where to find previous alerts. Well, The Million Mission website is live and you can check out archived alerts here.

Portfolio Overview

Here’s what I’m currently holding in The Million Mission portfolio:

Fannie Mae (FNMA) – 3,500 shares @ $6.86/share

Uber Technologies (UBER) – 200 shares @ $80/share

Nvidia (NVDA) – 200 shares @ $179/share

Micron (MU) – 50 shares @ $935/share