A June 26, 2026, analysis reports that Destiny Tech100 (DXYZ) has lost its value as a pre-IPO SpaceX proxy. This shift follows the successful SpaceX initial public offering on June 12, 2026.
The fund previously commanded a premium valuation by providing public access to the private aerospace company. Analysts now view the DXYZ investment thesis as obsolete because SpaceX trades publicly.
The optionality value of the fund's pre-IPO SpaceX holdings officially ended on the day of the offering. There is no data regarding the immediate market reaction to this report.