US Stock Market Move | Destiny Tech100 (DXYZ.US) fell nearly 1% in early trading. The investment portfolio includes SpaceX.

On Thursday, the investment Destiny Tech100 (DXYZ.US) that invested in SpaceX surged in early trading but then fell back, now down nearly 1%, after a cumulative increase of 26% in the previous two trading days. Data shows that Destiny Tech100 is a non-diversified closed-end investment company, with a portfolio including 100 top private technology companies supported by venture capital, such as SpaceX. It was reported earlier that SpaceX plans to submit its initial public offering prospectus to regulatory authorities later this week or next week, with a target listing in June. Advisors involved in the preparation work estimate that the company may raise over $75 billion in the IPO, higher than the previous estimate of $50 billion. The company's latest valuation is $1.25 trillion, and the actual amount raised and valuation will be finalized in the weeks leading up to the IPO.