A new fund that allows investment in private tech firms like SpaceX and OpenAI has seen its market value surge as much as 818% in 2 weeks
From Yahoo Finance: 2024-04-05 20:58:00
A female SpaceX employee is suing the company for discrimination and retaliation. Meanwhile, the Destiny Tech100 fund has seen its price soar as much as 818% since its debut two weeks ago, now boasting a market value of $825 million. This closed-end fund offers access to private high-growth tech companies like SpaceX, Epic Games, and OpenAI. The fund, trading under the symbol “DXYZ,” has stakes in 23 companies with plans to reach 100. While providing unique investment opportunities, it charges a high 2.5% management fee. Investors seek to capitalize on potential 10x-50x returns before companies go public.
Read more at Yahoo Finance: A new fund that allows investment in private tech firms like SpaceX and OpenAI has seen its market value surge as much as 818% in 2 weeks