Stock Track | DXYZ (Destiny Tech100 Inc) Soars 5.37% as Major Holding SpaceX Valued at $350 Billion

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Destiny Tech100 Inc (DXYZ), a fund offering retail investors exposure to high-profile private startups, saw its stock soar by 5.37% in the 24-hour period leading up to Wednesday's pre-market trading session.

This significant rally appears to be fueled by the news that one of DXYZ's major holdings, SpaceX, has agreed to an insider share sale that values the private space exploration company at a staggering $350 billion. SpaceX makes up around 37.6% of DXYZ's portfolio, meaning its valuation surge has a substantial positive impact on the fund's performance.

The $350 billion valuation for SpaceX represents a substantial increase from the $112 per share price set in a prior valuation less than three months ago. This cements SpaceX's status as the most valuable private startup in the world, with a market capitalization rivaling some of the largest public companies.

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