SpaceX reportedly lowered its initial public offering valuation target to a minimum of $1.8 trillion. This figure marks a decrease from previous discussions exceeding $2 trillion. Financial advisers and prospective investors suggested the revision ahead of the record-breaking listing. CEO Elon Musk disputed the report on X, labeling the valuation claims false.
Destiny Tech100 (DXYZ) maintains significant exposure to SpaceX as its cornerstone holding. SpaceX represents between 14.5% and 16.2% of the fund's total assets. The fund provides retail investors access to high-profile private companies. Valuation shifts in the aerospace firm directly impact the fund's market price and net asset value.