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Sohail Prasad - 3 — - 2 Destiny - 2 Robinhood - 2 Prasad - 2 Donald Trump - 1 Elon Musk - 1 Musk - 1
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SpaceX - 4 New York Stock Exchange - 3 CNBC - 2 Tech - 1 Morningstar - 1 Gray - 1 Trust - 1 Klarna Bank - 1

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4 mentions found


☆ This other Elon Musk proxy is up more than 200% since the election
  + stars: | 2024-11-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
The election victory of Donald Trump is sparking a huge rally for investments tied to Elon Musk , even indirectly. The fund is now up more than 200% since Election Day. The rally is not too surprising given that Musk campaigned with the president-elect and that Tesla has also rallied sharply since the election. However, the price of the Destiny fund could give some investors pause. The latest unaudited financial report for the fund showed net asset value per share of $5.15 as of June 30.
Persons: Donald Trump, Elon Musk, —, Musk, Tesla, DXYZ, Sohail Prasad Organizations: New York Stock Exchange, SpaceX, CNBC
☆ Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks
  + stars: | 2024-05-06 | by ( Erin Griffith | ) www.nytimes.com   time to read: +1 min
Sohail Prasad, an entrepreneur, launched a fund in March called the Destiny Tech100. The fund owns shares in hot tech start-ups like the payments firm Stripe, the rocket maker SpaceX and the artificial intelligence company OpenAI. Few people get the chance to invest in these privately held companies since their shares are not openly traded. Mr. Prasad’s intention with Destiny was to let the rest of the world get a piece of them through his fund. But soon after Destiny debuted, two tech start-ups — Stripe and Plaid, a banking service — said the fund did not legally own their shares.
Persons: Sohail Prasad, Destiny, —, Robinhood, Prasad, ” Organizations: SpaceX
☆ This fund that lets retail traders invest in SpaceX and OpenAI is trading at a massive premium
  + stars: | 2024-04-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +5 min
DXYZ 1M mountain The Destiny Tech 100 fund has seen big swings and is trading well above its net asset value. "It's common for them to not trade exactly at their NAV, but trading at a premium is very strange. Robinhood confusion The popularity of the new fund appears to have caused some confusion on retail brokerage app Robinhood . According to Prasad, the Destiny fund was previously available for trading on brokerage Robinhood, but they started seeing complaints last week that things had changed. "Our focus is not on the premium," but in building out the fund, Prasad said.
Persons: Jack Shannon, Shannon, Chelsea Childs, Sohail Prasad, Prasad, Robinhood, Chelsea, Destiny Organizations: SpaceX, New York Stock Exchange, Tech, Morningstar, Gray, CNBC, Trust
☆ Demand for private companies is high, but getting your hands on them is a big problem
  + stars: | 2024-04-22 | by ( Bob Pisani | ) www.cnbc.com   time to read: +4 min
If you have your heart set on investing in up-and-coming private companies, options exist, but are limited. Obviously, there is a strong desire to get into hot private market tech companies, even if at an irrational cost. The simplest way to do this would be to float an exchange traded fund, or ETF, that held these private shares. Forge Global launched the Forge Accuity Private Market Index, a market capitalization weighted index that tracks the performance of 60 late-stage venture-backed private companies like SpaceX and Epic Games. Bottom line: there is no easy way to access private shares.
Persons: Tech100, Cathie Wood, Howe Ng, Brett Winton Organizations: New York Stock Exchange, SpaceX, Klarna Bank, Tech100, ARKVX Venture, Forge Global, Epic Games, ARK Investment, Edge
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