Destiny Tech100 Gains Pre-Market as SpaceX IPO Buzz Mixes With AI Stock Warnings
Destiny Tech100 Inc. shares climbed in early premarket trading Monday after a turbulent week for the private-tech fund, which saw heavy activity on hopes for SpaceX and AI startup holdings. DXYZ was at $52.68 by 4:01 a.m. EDT, up 10.6% from its $47.62 Friday close. That’s ahead of the NYSE’s regular session, which opens at 9:30 a.m. and closes at 4 p.m. U.S. markets are open today, with the next full closure on Memorial Day, May 25. SpaceX is drawing the focus right now. Reuters said Elon Musk’s rocket and satellite firm is planning to go public on Nasdaq, possibly as soon as June 12. The IPO could raise around $75 billion with a target valuation near $1.75 trillion, which would set a new record for the biggest market flotation.