Shares of Destiny Tech100 Inc. (DXYZ) face intense scrutiny. SpaceX begins trading on the Nasdaq. The company will trade under the ticker SPCX. This public debut occurs on June 12, 2026.
SpaceX shares opened at $135. Investors previously used DXYZ as a proxy for the private company. This demand drove the fund to a significant premium over its net asset value.
The IPO challenges DXYZ’s relevance now that direct ownership is available. Bulls highlight the fund's continued access to other high-growth private firms like Anthropic.
Bears argue that the loss of the premium driver could trigger a significant price correction. Today’s trading session serves as the first major test of investor sentiment in a post-SpaceX-IPO market.