Stack Capital (TSX:STCK) is pitched as a discounted public-market way to gain leveraged exposure to a potential SpaceX IPO, with additional upside from other private holdings like OpenAI, Canva and Databricks.
STCK.TO — LONG The author argues Stack Capital trades at a discount to its net asset value, with its SpaceX stake alone now approaching ~50% of NAV after private-market marks rose from ~$30M to ~$105M. The stated catalyst is a potential SpaceX IPO at up to $1.5T, which could re-rate Stack's NAV quickly, with OpenAI, Canva and Databricks IPOs in the same window making the rest of the portfolio a rounding error. A December buyback for up to 10% of shares is cited as additional support. The main stated risk is that the entire story is tied to a single catalyst, the SpaceX listing.
With SpaceX now approaching ~50% of NAV, the entire story is tied to a single catalyst: if SpaceX lists anywhere near current expectations, Stack’s NAV could re-rate quickly.
This Reddit post, published January 22, 2026, features u/ThisIsManitoulin discussing STCK.TO. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/ThisIsManitoulin · Tickers: STCK.TO