SpaceX Investor Powerlaw Debuts Amid IPO Race

Powerlaw, a new closed-end fund holding stakes in prominent private tech companies like SpaceX and OpenAI, has commenced trading. The fund's debut saw its shares trade significantly above the net asset value of its underlying investments, reflecting strong retail investor demand for access to high-growth private technology firms. This launch occurs amidst a competitive environment for initial public offerings (IPOs), suggesting a broader trend of investors seeking exposure to the burgeoning private tech market through innovative investment vehicles.