Destiny Tech100 Inc. is trading 5.7% down now at $27.32 as investors rotate toward the new SpaceX Nasdaq IPO (SPCX), which provides direct access to one of the fund's largest underlying holdings.
- The stock remains under pressure from concerns regarding its premium to Net Asset Value (NAV) and an ongoing at-the-market (ATM) share issuance overhang.
- These factors have driven steep declines in recent sessions, causing the fund to diverge from a generally strong broader market.