Destiny Tech100 stalls after $1 billion SpaceX share sale plan
Destiny Tech100 shares fell 8.3% Tuesday after the fund filed to sell up to $1 billion in stock through Jefferies. The stock last traded at $61.11, still more than double its $24.56 per-share net asset value as of March 31. Trading volume topped 10.9 million shares amid continued focus on Destiny’s large SpaceX stake and speculation about a SpaceX IPO.