Destiny Tech100 Inc. is trading 5.4% up at $29.50 after stabilizing from a sharp selloff driven by concerns over its at-the-market (ATM) stock sale program and a high premium to net asset value.
- Investors appear to be selectively buying back exposure to the fund's private-tech portfolio, including SpaceX, despite direct capital flows into the new SpaceX IPO.
- The stock's recovery comes even as broader technology indices trade slightly lower, suggesting idiosyncratic demand for the fund's underlying private assets.