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Powerlaw Corp. (PWRL) Lists on Nasdaq via Direct Listing Today, Holds SpaceX and OpenAI

GateNews

Stocks AI Industry News

2026-05-27 10:18:26

According to monitoring by Beating, closed-end fund Powerlaw Corp. (ticker: PWRL) will be listed on Nasdaq today, May 27, via direct listing. Unlike traditional IPOs, this listing does not issue new shares or raise capital; instead, it brings existing shares to market trading. The fund's core holdings include SpaceX, valued at approximately $117 million, and OpenAI, valued at approximately $46.9 million. As of May 13, the fund's net asset value totals $604.1 million, or $13.97 per share, with 43.24 million total shares outstanding. Approximately 20% of shares will trade freely on day one, with remaining shares unlocking over the next six months.

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