This Fund Enabling Investment In Private Tech Firms Like SpaceX And OpenAI Skyrockets Over 500% In Just 2 Weeks
Apr 06, 2024
The Destiny Tech100 (NYSE:DXYZ) fund, a recently launched closed-end fund, has seen an extraordinary surge in its stock price, rising by as much as 558% within a fortnight. What Happened: The fund, which was listed on the New York Stock Exchange on March 26, has witnessed a meteoric rise, propelling its market value to $644 million. The fund focuses on investing in private high-growth tech companies, a market segment typically inaccessible to most investors. See Also: Tesla CEO Elon Musk Disagrees With Nvidia’s Jensen Huang That Anyone Can Make Their Own Neural Network: ‘It’s Insanely Hard’ The fund currently holds stakes in 23 companies and aims to eventually include 100 companies in ...Full story available on Benzinga.com
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