Can someone tell me how to do this? I’s love to buy secondaries ahead of the IPO. Wanna ride that rocket ship
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To buy SpaceX pre-IPO shares through secondaries, here’s what you need to know based on the most helpful WSO content:
Understand Secondary Markets: Pre-IPO shares are often traded in secondary markets, where existing shareholders (like employees or early investors) sell their stakes. These transactions typically occur through platforms like Forge Global, EquityZen, or SharesPost.
Accredited Investor Status: Most secondary platforms require you to be an accredited investor. This means meeting specific income or net worth thresholds (e.g., $200k annual income or $1M net worth excluding your primary residence).
Find a Seller: SpaceX shares are highly sought after, so finding a seller can be challenging. Platforms mentioned above can connect you with sellers, but you may also need to network with insiders or brokers specializing in private equity secondaries.
Pricing and Valuation: Be prepared for a premium. SpaceX’s valuation has skyrocketed, and secondary shares often trade at a markup. Research the latest valuation and ensure you’re comfortable with the price.
Restrictions and Risks: Many private companies, including SpaceX, have restrictions on transferring shares. Sellers may need company approval, and there’s always a risk the IPO timeline could be delayed or the company might not go public at all.
Due Diligence: Before buying, ensure you understand the terms of the shares (e.g., voting rights, liquidity restrictions) and the financial health of the company.
If you’re serious about this, start by creating accounts on secondary platforms, verifying your investor status, and keeping an eye on SpaceX-related listings. Good luck riding that rocket ship! 🚀
Sources: Differences between Co-invest and Secondaries?, Secondary PE Modeling, Pitchbook: PE Secondaries to Boom in 2023, Secondaries Comp / Culture in 2023
Buy SATS equity. They sold spectrum to Spacex in exchange for Spacex stock. You can do the math on where SATS “creates” Spacex (share price and market cap) and how that compares against your view of post-IPO value.
PM me, some friends are trying to sell their ESOP/SPV stuff
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