Destiny Tech100 rises on report of SpaceX IPO plans

Destiny Tech100

25/03/2026 08:48

** Shares of Destiny Tech100 DXYZ.N, a fund that invests in privately owned technology heavyweights, rise 23.4% to $32.70 premarket

** The Information reported on Tuesday that Elon Musk's rocket co SpaceX could file its IPO prospectus this week or next, and could try to raise more than $75 bln

** As of December 31, SpaceX was DXYZ's largest equity holding and accounted for 16.2% of the fund's economic exposure

** Shares of Tesla TSLA.O up 1.9% in pre-market trading

** So far this year, TSLA has fallen ~14.8%, compared with a 6.4% drop in the Nasdaq .IXIC

** DXYZ stock down 13.4%, YTD

 (Reporting by Sruthi Shankar)

 ((Sruthi.shankar@thomsonreuters.com))