Destiny Tech100 Inc. (NYSE: DXYZ) reported a net asset value (NAV) of $34.30 per share for the quarter ended June 30, 2026. This represents an increase from the $24.56 per share recorded at the end of the first quarter of 2026.

As of June 30, 2026, the fund’s investment portfolio held an aggregate fair value of approximately $1.64 billion, inclusive of short-term investments. Destiny Tech100 maintains positions in a diversified range of privately-held technology companies.

Portfolio Overview

The closed-end fund targets exposure to 100 top venture-backed private technology firms, aiming to provide investors access to high-growth private businesses. The reported portfolio value reflects the current market valuation of these holdings alongside liquid assets.

What the Numbers Show

The rise in NAV from $24.56 to $34.30 indicates a significant appreciation in the underlying asset values during the quarter. With the total portfolio valued at $1.64 billion, the fund continues to scale its exposure to the private tech sector.

About Destiny Tech100

Destiny Tech100 Inc. is a publicly-listed registered closed-end fund listed on the New York Stock Exchange under the ticker symbol DXYZ. The fund is advised by DX Advisors LLC. Investors can access the fund’s annual report and additional resources at www.destiny.xyz/tech100 .

Destiny Tech100 Inc. shares rose 3.51% to $40.06 on Friday as SpaceX began trading publicly at $135 per share under the ticker SPCX. The movement highlights the immediate market reaction to the debut of the fund's largest holding, which accounts for approximately 16.2% of its portfolio. Investors are now evaluating whether Destiny Tech100 retains its appeal as a proxy for private tech exposure or if its valuation premium will compress given the direct availability of SpaceX shares.

Destiny Tech100 is a closed-end fund that holds stakes in 32 venture-backed private technology companies. Beyond SpaceX, its portfolio includes significant positions in Anthropic, CHAOS Industries, and Hermeus Corp. In February 2026, the fund increased its exposure to Anthropic by $100 million through a special purpose vehicle. As of December 31, 2025, the fund reported a net asset value (NAV) of $19.97 per share, representing a 210% increase from the $6.44 NAV recorded at the end of 2024.

The commencement of SpaceX trading introduces a new dynamic for the fund's valuation. Destiny Tech100 currently trades at roughly $40, a premium of approximately 100% to its last reported NAV of $19.97. As a closed-end fund, there is no automatic mechanism to align the market price with the underlying NAV. Short interest stands at approximately 17%, indicating that some investors are betting the premium will compress now that a direct investment in SpaceX is possible.

The following table outlines key financial and portfolio metrics for Destiny Tech100 based on the latest available data:

The primary debate centers on the fund's future utility. The bullish perspective suggests Destiny Tech100 still offers unique access to Anthropic and 30 other high-growth private companies unavailable elsewhere. Conversely, the bearish view argues that the fund's status as a SpaceX proxy trade—the main driver of its premium—is now obsolete. Today's trading session serves as an initial test of these competing theses.