This ETF, Which Allows You To Invest In SpaceX, Surges Nearly 13% In Premarket After Trump Appoints Pro-Starlink Brendan Carr

Destiny Tech100 Inc. (NYSE:DXYZ) saw a 12.89% rise in its value during Monday’s premarket after President-elect Donald Trump appointed pro-Starlink Republican Brendan Carr as the new chairperson of the Federal Communications Commission (FCC).

What Happened: The investment firm, Destiny Tech100, primarily focuses on private technology companies, with its largest holding being SpaceX, which constitutes 37.6% of its portfolio. The firm also invests in other space exploration entities like Axiom Space and Relativity Space, but SpaceX remains its most significant asset.

On Sunday, Trump announced Carr’s appointment, highlighting Carr’s commitment to free speech and his opposition to regulatory measures that hinder economic growth. Trump stated that Carr ...

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