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Does anyone here have SpaceX shares?

by huhtenberg 5y ago

voakbasda 5y ago
Somehow I don’t think the public will get a chance to own any shares.
- huhtenberg 5y ago
  Someone in VC circles mentioned in passing that you can actually talk to SpaceX about an investment if it's in excess of several millions. Not sure of any other conditions though.
  - ortusdux 5y ago
    According to Jared Isaacman, he originally spoke to SpaceX with the goal of investing. It was only after he was turned down that the idea of being their first civilian customer came up. It was easier for him to spend ~$200m to fly to space than it was to buy shares.
  - javert 5y ago
    When did you hear that? I might try to get a few people together to do it. Super long shot, but no harm in asking.
    - huhtenberg 5y ago
      Several weeks ago. I'll ask for details, will post here if I hear anything back.
      - menzoic 5y ago
        4 friends and I have been wanting to do something like this. Keep us posted.
        deleted 5y ago
        [deleted]
        ericd 5y ago
        Your best bet is probably to talk to a broker that deals in private stock (such as Zanbato), and they can bring you potential deals as they come up. Note that you’re exceedingly unlikely to be able to be a direct shareholder, the deals are in SPVs that hold only SpaceX, and they come saddled with fees, so you need to be prepared to pay a premium.
      - javert 5y ago
        Thanks, much appreciated!
- purple_ferret 5y ago
  You could have bought shares via someplace like Equity Zen if you had enough capital (like a couple million, I believe). Wealthy people do it all the time.
  - voakbasda 5y ago
    The wealthy are not “the public”. At best, they are a subset. And a small one at that. So, you are actually saying “the privileged gets shares, and the public gets the shaft”.
    - ericd 5y ago
      Many FAANG junior engineers salaries qualify them as accredited investors. Definitely a small subset of the general population, but not particularly rare around here.
bodhiandpysics1 5y ago
I'm sure that there's at least one spacex employee with shares on hacker news!
- huhtenberg 5y ago
  I meant except for the employees, of course. That's not a terribly interesting case.
modeless 5y ago
I looked into it on Sharespost/Forge but opportunities are rare, minimums are high, and the terms are really bad. Upfront fees, yearly fees, carried interest. SpaceX shares have trading restrictions so employees generally can't just go around selling them on the secondary market.
- naveen99 5y ago
  I picked some up a few years ago for a 20% premium (thankfully no other ongoing fees). I don’t expect it to outperform my other ventures, but it’s like a collectors item. Hard to part with as some one who watched Star Trek as a child. So yeah if you wouldn’t sell after a 300% gain like me, maybe it’s worth paying a 50% premium (between the markup, carry, fees etc). but I am not buying more. It’s not like they give you priority bandwidth on starlink.

Does anyone here have SpaceX shares?

voakbasda 5y ago

Somehow I don’t think the public will get a chance to own any shares.

huhtenberg 5y ago
Someone in VC circles mentioned in passing that you can actually talk to SpaceX about an investment if it's in excess of several millions. Not sure of any other conditions though.
- ortusdux 5y ago
  According to Jared Isaacman, he originally spoke to SpaceX with the goal of investing. It was only after he was turned down that the idea of being their first civilian customer came up. It was easier for him to spend ~$200m to fly to space than it was to buy shares.
- javert 5y ago
  When did you hear that? I might try to get a few people together to do it. Super long shot, but no harm in asking.
  - huhtenberg 5y ago
    Several weeks ago. I'll ask for details, will post here if I hear anything back.
    - menzoic 5y ago
      4 friends and I have been wanting to do something like this. Keep us posted.
      - deleted 5y ago
        [deleted]
      - ericd 5y ago
        Your best bet is probably to talk to a broker that deals in private stock (such as Zanbato), and they can bring you potential deals as they come up. Note that you’re exceedingly unlikely to be able to be a direct shareholder, the deals are in SPVs that hold only SpaceX, and they come saddled with fees, so you need to be prepared to pay a premium.
    - javert 5y ago
      Thanks, much appreciated!
purple_ferret 5y ago
You could have bought shares via someplace like Equity Zen if you had enough capital (like a couple million, I believe). Wealthy people do it all the time.
- voakbasda 5y ago
  The wealthy are not “the public”. At best, they are a subset. And a small one at that. So, you are actually saying “the privileged gets shares, and the public gets the shaft”.
  - ericd 5y ago
    Many FAANG junior engineers salaries qualify them as accredited investors. Definitely a small subset of the general population, but not particularly rare around here.

bodhiandpysics1 5y ago

I'm sure that there's at least one spacex employee with shares on hacker news!

huhtenberg 5y ago
I meant except for the employees, of course. That's not a terribly interesting case.

modeless 5y ago

I looked into it on Sharespost/Forge but opportunities are rare, minimums are high, and the terms are really bad. Upfront fees, yearly fees, carried interest. SpaceX shares have trading restrictions so employees generally can't just go around selling them on the secondary market.

naveen99 5y ago
I picked some up a few years ago for a 20% premium (thankfully no other ongoing fees). I don’t expect it to outperform my other ventures, but it’s like a collectors item. Hard to part with as some one who watched Star Trek as a child. So yeah if you wouldn’t sell after a 300% gain like me, maybe it’s worth paying a 50% premium (between the markup, carry, fees etc). but I am not buying more. It’s not like they give you priority bandwidth on starlink.