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May 21, 2026 4:00 PM

Destiny Tech100 Stock Soars After SpaceX's Nasdaq IPO Filing

Destiny Tech100 Inc (NYSE:DXYZ) shares are ripping higher on Thursday after SpaceX formally submitted its paperwork for a Nasdaq debut.

Destiny Tech100 shares are powering higher. What’s behind DXYZ gains?

The surge comes after SpaceX filed for what could become the largest Nasdaq IPO in history, with plans to raise up to $75 billion at a potential valuation approaching $2 trillion. With 14.5% of Destiny’s portfolio tied to SpaceX, the filing instantly turned the fund into a high‑beta proxy for Elon Musk's rocket, satellite and AI empire.

Musk's Control Is Locked In

The filing confirms that Musk will retain overwhelming control through a super‑voting share structure, Bloomberg reported. He is also eligible for up to 1 billion shares if he hits certain milestones, including establishing a human settlement on Mars with at least one million inhabitants.

What It Means For Destiny

For Destiny, the SpaceX filing is a seismic event. The fund's 14.5% exposure to SpaceX means its net asset value is directly tied ...

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