This is a blurb on DXYZ!!!
In an unprecedented surge within the financial market, the Destiny Tech100 fund, recognized by its ticker DXYZ on the New York Stock Exchange (NYSE), has remarkably multiplied in value, recording an 818% increase since its recent public offering. Initially pegged at $8.25, the fund’s market value rocketed to $825 million, primarily driven by savvy investments in innovative technology firms such as SpaceX and OpenAI.
The fund’s ascent has attracted attention within the investment community as its aggressive growth strategy begins to bear fruit. With 23 companies presently under its wing, and plans to broaden its investment portfolio to 100 entities, Destiny Tech100 is shaping up to become a prominent tech investment vehicle. The fund’s largest holding is a 34.6% stake in the aerospace giant SpaceX, a substantial position that was valued at around $18.4 million at the year’s end, as detailed in Destiny’s 2023 annual report. Other key investments include notable positions in Epic Games, OpenAI, and fintech company Chime.
