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SpaceX: How to buy before the IPO
It’s possible to get in on SpaceX (SPAX.PVT) before its initial public offering (IPO), but there are risks, trade-offs, and heavy fees.
The upcoming SpaceX IPO could happen as early as this June, with a potentially massive 30% retail allocation, with underwriters of major trading platforms providing retail investors with allocations post-IPO.
But for those who want in a little sooner, it's a little complicated.
The most direct route to SpaceX stock before an IPO is through a private secondary market. These are transactions in which existing shareholders — employees, early investors, or former contractors — sell their vested stock to new buyers. SpaceX does not issue new shares in these deals; investors buy from existing shareholders.
SpaceX lays out IPO details, targets early June roadshow: Reuters
SpaceXÂ outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter.
"Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private.
Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that."
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