Destiny Tech100 Gains on IPO Hopes for SpaceX
Destiny Tech100 Inc. surged 18.1% at midday Thursday, picking up new buyers after SpaceX’s IPO filing brought attention to one of the fund’s largest holdings. DXYZ last traded at $57.40, pulling back from a high of $58.56. The SPDR S&P 500 ETF and Invesco QQQ both edged lower. SpaceX revealed its S-1 filing on Wednesday, putting the company on track for a Nasdaq listing with the SPCX ticker. As of March 31, Destiny’s portfolio had 14.5% economic exposure to SpaceX.