Destiny Tech100 (DXYZ) ETF Surges with Major Bet on SpaceX

Dec 16, 2024

On Monday, the "Musk Concept Fund" Destiny Tech100 (DXYZ, Financial) saw a significant rise, climbing over 6% at one point and accumulating a 578% increase since election day. At the time of reporting, the ETF was up more than 3%, trading at $72.57. This closed-end fund focuses on investing in private market unicorn companies. According to its latest filings, over one-third of its holdings are invested in SpaceX, the space exploration unicorn founded by Elon Musk.

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