What Happened
SpaceX Nasdaq Debut Sparks Rally In Related Stocks
Destiny Tech100 stock has soared after SpaceX formally submitted its paperwork for a Nasdaq debut, with plans to raise up to $75 billion at a potential valuation approaching $2 trillion. The filing has turned Destiny into a high-beta proxy for Elon Musk’s SpaceX, with 14.5% of its portfolio tied to the company. Musk will retain overwhelming control through a super-voting share structure, according to Bloomberg. This development was reported by an unknown source.