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Did anybody get into the pre-IPO SpaceX private funds and what was the outcome - e.g., fund liquidate and receive cash, SpaceX shares, etc.?

J
Jun 22, 2026 · 19:56

In the 6 months or so leading up to the SpaceX IPO there were various private funds selling access to SpaceX shares. Many had minimal transparency with no promises or ability to control how or what you would ultimately receive from the fund.


For example, some were multiple layer funds - where you're buying shares in an LLC that has an ownership in another LLC that allegedly owns or has economic rights to SpaceX shares; and there were generally no promises or deadlines as to how or when you would get paid out.

That is, the fund had full discretion as to when and what type of distributions it would make. So, for example, it could theoretically distribute actual SpaceX shares at some point in the future at the fund's determination, or the cash equivalent to the value of those SpaceX shares when the fund decided to liquidate.


Curious if people participated and what was the outcome?

The funds seemed credible enough that I don't think they were fraudulent. But, the lack of transparency and control makes me wonder how everything shook out with the IPO - i.e., are you still waiting on a decision on what the fund will do, receive cash from the fund and at what SpaceX price, etc.