Destiny Tech100 Shares Rise 13% in Overnight Trading After Spacex's Possible Tender Offer

Reuters11-18

Shares of Destiny Tech100 , a fund that offers retail investors access to high-profile private startups, gain 13% in overnight trading.

Elon Musk's SpaceX is preparing to launch a tender offer that would value it at $250 bln, sources say, up from the $210 bln price tag it reportedly fetched earlier this year.

The space exploration company is DXYZ's largest holding, making up about 37.6% of the portfolio.

DXYZ trades at a premium of over 500% to its net asset value, reflecting the frenzied demand for investment vehicles that give retail shareholders access to private startups.

Stock has nearly tripled this month, partially buoyed by hopes of brighter prospects for SpaceX under Donald Trump's administration.

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