Destiny Tech100 rises, defying broader tech declines

Destiny Tech100

04/02/2026 14:22

** Shares of Destiny Tech100 DXYZ.N, a fund that invests in privately owned technology heavyweights, rise 1.2% to $33.55 premarket

** Co invests in top venture-backed private technology companies and says it intends to provide everyday investors access to these private market leaders

** DXYZ's share move defies broader market weakness where global software companies have logged losses over potential disruptions from Anthropic's Claude plug-ins

** The S&P 500 technology index .SPLRCT shed 2.1% on Tuesday and tech-heavy Nasdaq futures point to a lower open on Weds

** On Tuesday, DXYZ shares jumped 7% after Elon Musk's SpaceX acquired his artificial-intelligence company xAI in a record-setting deal

** DXYZ largest equity holding is SpaceX, accounting for 23.3% of the $153.3 mln fund's economic exposure, and shares have gained 19% since news broke regarding SpaceX's upcoming public debut

** Co's other private company holdings include OpenAI, Stripe, Kraken and Revolut

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))