Destiny Tech100 Stock Soars After SpaceX's Nasdaq IPO Filing
$Destiny Tech100 (DXYZ.US)$shares are ripping higher on Thursday afterSpaceXformally submitted its paperwork for a Nasdaq debut.
The surge comes after SpaceX filed for what could become the largest Nasdaq IPO in history, with plans to raise up to $75 billion at a potential valuation approaching $2 trillion. With 14.5% of Destiny's portfolio tied to SpaceX, the filing instantly turned the fund into a high‐beta proxy for Elon Musk's rocket, satellite and AI empire.
Musk's Control Is Locked In
The filing confirms that Musk will retain overwhelming control through a super‐voting share structure, Bloomberg reported. He is also...
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
--UBS Adjusts Independence Realty Trust PT to $18 From $19, Maintains Buy Rating
--First Bancorp Keeps Quarterly Dividend at $0.24 per Share; Payable Oct. 23 to Holders of Record as of Sept. 30
Algorhythm: Andrew Thompson, Co-Founder and Managing Partner of Azure Energy, Appointed CEO and Chairman
Crypto prices
More
