This Fund Enabling Investment In Private Tech Firms Like SpaceX And OpenAI Skyrockets Over 500% In Just 2 Weeks
Portfolio Pulse from Rounak Jain
The Destiny Tech100 (NYSE:DXYZ) fund, which invests in private high-growth tech companies like SpaceX and OpenAI, has seen its stock price skyrocket by 558% to a market value of $644 million in just two weeks since its listing on March 26. Despite a high management fee of 2.5%, the fund's significant holdings in companies such as SpaceX (34.6%), Epic Games (4%), OpenAI (3.8%), and Chime (1.9%) offer investors unique exposure to the private tech sector.
April 06, 2024 | 3:18 am
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Destiny Tech100 fund has experienced a dramatic increase in stock price, rising 558% in just two weeks, showcasing strong investor interest in private tech companies.
The rapid increase in DXYZ's stock price is directly attributed to its unique investment focus on high-growth private tech companies, including major stakes in SpaceX and OpenAI. This surge reflects the market's growing appetite for private tech investments, potentially leading to continued positive momentum in the short term.
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