Alternative Investing Report - December 8, 2025

*as of 12/7, Sources: S&P, BTC, FTSE, DJRE, GOLD

Elon Musk-led space startup SpaceX is reportedly planning to launch a share sale at an $800 billion valuation, which would be double its last valuation and again make it the most valuable private company in the world after it was eclipsed by OpenAI earlier this year. Reports indicate that the company could be targeting an IPO in late 2026 that would include its lucrative Starlink internet service, which has previously been a candidate to be spun out into its own business.

➨ TAKEAWAY: SpaceX conducts regular tender offers twice a year and has seen steady growth in its valuation, but this kind of leap in value would be a departure for the company. Musk himself denied the reports, so take it with a grain of salt. Still, SpaceX remains one of the most desirable private companies and the prospect of an IPO next year could juice its valuation in secondary markets.

In this episode, Vincent CEO Eric Cantor, ARK Invest's Cathie Wood, EquityZen's Atish Davda and Sacra's Jan-Erik Asplund explore the evolving landscape of private markets and venture capital, focusing on how individual investors can navigate these opportunities. The panel discusses emerging pre-IPO companies, innovations in fintech, national security and the future of space exploration, as well as the potential of quantum computing. Insights are shared on investment strategies, product risks, and the importance of understanding market dynamics.

📊 PCE report: The Fed’s favored inflation measure, the personal consumption expenditures (PCE) price index, increased 0.3% in September and was up 2.8% annually, in a reading that was delayed by the government shutdown. The core PCE index, which excludes food and energy was up 0.2% monthly and 2.8% annually, slightly below expectations. While the data is not current, it is the most recent for the Fed to consider in its meeting this week.

⌚ Highest grossing watch auction: Phillips’ New York watch auction grossed $43.5 million, the highest for any watch auction in history, and was led by a $10.8 million sale for a custom F.P. Journe watch owned by filmmaker Francis Ford Coppola.

🏡 Zillow 2026 forecast: The real estate site predicts that home values will grow 1.2% in 2026, existing home sales will rise slightly, new construction will slow, and mortgage rates will stay above 6%.

🏡 Realtor.com 2026 forecast: Meanwhile, Realtor.com foresees prices to go up by 2.2%, but agrees that existing home sales will post a small gain, and mortgage rates will stay steady at around 6.3%.

🎨 ArtReview Power 100: Ghanaian artist Ibrahim Mahama topped the 2025 edition of ArtReview’s 100 most influential people in the art world, which also includes artists Ho Tsu Nyen, Amy Sherald, Kerry James Marshall, and Wolfgang Tillmans in the top ten.

💵 Yieldstreet rebrand: The investment platform is now called Willow Wealth as it tries to distance itself from more than $200 million in recent defaults on debt investments.

Tuesday: NFIB small business optimism index released; the UK’s Turner Prize for artists is announced.

Wednesday: The Federal Reserve will announce its interest rate decision, which is expected to be a quarter-point cut, with the CME FedWatch tool placing the odds at 88%; Australia’s social media ban for children under 16 will begin and apply to YouTube, Instagram, X, TikTok, Facebook, and Snapchat.

Thursday: An Oviraptorosaur skeleton will be auctioned off at Christie’s in London with an estimate of 3 million GBP - 5 million GBP; Sotheby’s will hold its Winter Sports Classic auction, with a number of six-figure items; Sotheby’s will also hold its Dreaming in Glass auction, featuring items from Tiffany Studios, with two already hitting seven-figures.

Friday: The U.S. will host a summit with eight countries regarding supply chains and rare minerals needed for AI infrastructure.

Sunday: Hannukah begins at sundown.