Stock Track | Destiny Tech100 Inc (DXYZ) Soars 5.10% in Pre-Market on SpaceX Valuation Surge to $350 Billion

Stock Track

2024-12-11

Destiny Tech100 Inc (DXYZ) witnessed a pre-market soar of 5.10% on Wednesday, likely driven by the surge in valuation of one of its major holdings, SpaceX.

According to reports, SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk's rocket and satellite maker at about $350 billion. This staggering valuation cements SpaceX's status as the most valuable private startup in the world.

As SpaceX is Destiny Tech100's largest holding, making up about 37.6% of the portfolio, the company's valuation surge has positively impacted the fund's performance, leading to the pre-market rally in DXYZ stock.

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