SpaceX Stock: The Destiny Tech100 ETF
The Destiny Tech100 has invested in a batch of startups that are on the verge of going public, with the largest holding being SpaceX
Led by Elon Musk, Tesla has helped investors achieve remarkable investment performance, and his other company, SpaceX, has also grown into a shining star company. Investors are eagerly anticipating SpaceX's IPO to once again enjoy the wealth feast brought by Musk.
In fact, although SpaceX is not yet publicly traded, there is a corresponding asset available for trading in the U.S. stock market. That is the ETF The Destiny Tech100.
What is The Destiny Tech100? Why is it referred to as a SpaceX concept stock?
The Destiny Tech100 is a closed-end fund that invests in a group of startups on the verge of going public, known as unicorn companies. Among them, the largest holding is SpaceX. Approximately 36.9% of the shares currently held by this fund are SpaceX shares.
SpaceX - The second highest valued startup in the world
In the summer of 2024, SpaceX's valuation approached $210 billion, setting a new record for the valuation of private companies in the United States.
Globally, SpaceX's valuation is second only to that of TikTok's parent company ByteDance, which is valued at approximately $268 billion