Shares of Destiny Tech100 (DXYZ) are trading about 8% higher at $71.83 in pre-market, continuing a powerful multi-day rally driven by excitement over the recent IPO filing of SpaceX, one of the fund's largest holdings.
- The momentum follows a surge late last week after SpaceX formally filed for a Nasdaq IPO, which could be one of the largest in history. [4, 14]
- DXYZ holds a significant stake in SpaceX (reportedly 14-16%), making it a popular proxy for retail investors seeking exposure to the highly anticipated public offering. [3, 4]
- The stock saw massive gains in the prior two trading sessions, including a nearly 27% spike on May 21st when the IPO news broke. [3]