Destiny Tech100 (DXYZ) Surges 16.1695% on SpaceX's $1.5T 2026 IPO Potential

Destiny Tech100 (DXYZ) surged 16.1695% in pre-market trading on December 12, 2025, driven by speculation around a potential 2026 initial public offering (IPO) for SpaceX, which is estimated to value the rocket-satellite company at $1.5 trillion. The fund, which holds stakes in private tech unicorns including SpaceX and OpenAI, has historically been a volatile proxy for exposure to the space economy.

Recent reports indicate SpaceX is targeting an IPO in the second half of 2026, with discussions of a secondary private market valuation near $800 billion. Destiny Tech100’s performance has long been tied to its concentrated position in SpaceX, though its share price has previously spiked to 1,000% premiums before crashing, reflecting speculative trading dynamics. Analysts note the IPO could re-rate the entire space sector, validating private valuations and attracting institutional capital.

While the fund’s exposure to high-growth private assets positions it to benefit from the SpaceX IPO, risks remain. Crowding in the space theme, regulatory uncertainties, and liquidity challenges could amplify volatility. The broader $600 billion space economy is projected to triple by 2035, with orbital data centers and debris removal emerging as growth drivers. Destiny Tech100’s role as a speculative vehicle underscores the sector’s transition from niche to infrastructure-focused investment.

Destiny Tech100 has historically experienced significant volatility tied to its exposure to high-growth private assets, particularly SpaceX. Analysts suggest that while the fund offers a concentrated vehicle for investors seeking exposure to the space economy, its performance is subject to extreme swings. The anticipated SpaceX IPO could act as a catalyst for broader institutional interest, though the sector remains subject to regulatory and liquidity risks.