How do I put some coin into SpaceX?

quote:

---

I think it falls under Tesla.

---

It doesn't. Space X is privately held and a separate entity.

ETA: I think Starlink is part of Space X though - not 100% sure of that.

quote:

---

doesn't. Space X is privately held and a separate entity.

---

This is for sure. The only way would be private equity at this point i would assume

Who needs that when we’ll all be in the Starl Metaverse soon?!

I bought my shares through access2preipo.com. You have to be an accredited investor to buy through them, $25K minimum investment. Shares come at a 30% premium to latest financing round and come with a 20% carry on profits until the time SpaceX IPO’s. There are a couple of sites out there with the shares for sale, but they all go through Late Stage Management funds (fund L is the SpaceX fund) which is who you actually invest in.

Tried this board’s idea of messaging SpaceX employees directly on LinkedIn but they all wanted a strong premium as well (25% or more) and SpaceX has a ROFR on any sales. It was gonna take a lot of attorney hours to set up the paperwork to do all of that so I gave up on that idea and just purchased mine through the access2preipo.com website instead.

I bought half of my SpaceX shares in my Roth IRA (illiquid investment so might as well have some there I thought as I’m not touching that money for at least 25 years). Remainder I bought in a non tax sheltered account. By my math even with the 30% premium and 20% carry, it’ll probably do about a 25% annualized return base case. I expect SpaceX to be worth more than Tesla 20 years from now. This is largely a bet on their Starship rocket becoming operational. Many might say that 25% return is not worth the illiquidity, but I think the days of 10-15%+ equity index returns are over for the next few years at least. I also follow SpaceX several hours each week probably, and as they say “invest in what you know”.

Got sick and tired of watching stocks day to day as well, so like the idea of only getting an updated valuation mark once or twice a year. Starlink, about 80% of the company’s value, should IPO in 3-5 years. The remainder of SpaceX, mostly launch services, will likely not IPO until crewed launches to Mars are routine, so maybe 15 years from now.

To Auburn1968- I think you mentioned in another thread that you are in your 70’s. If you need this money back anytime soon then obviously this is not an ideal investment for your particular situation given the illiquid nature of it.

quote:

---

You have to be an accredited investor t

---

I've got to get this done. I've been meaning to for about two years now and have procrastinated. Not to mention all the other shite that's been on my plate.

Have you been for awhile or just recently?

quote:

---

believe general lee got into space x somehow. Maybe he could share…

---

speaking of the devil

Basically you have to indirectly invest.

So companies that hold an interest.

The shares I bought are at $725/share while the shares traded in SpaceX’s latest financing round were at $560 per share, so I paid a 30% premium to buy in. You can only get that $560 per share price if you are one of the big boys coming in with tens of millions of dollars of capital.

The 20% carry is on my profits at time of SpaceX’s IPO. Let’s keep math simple and let’s say I bought in at $1,000 per share and SpaceX IPO’s at $2,000 per share. $200 per share (20% of $1,000 profit) is deducted from my account at the time of the IPO (deduct is taken in form of shares, so you don’t have to come up with cash out of pocket or incur a cap gain selling your shares to pay off the carry). Any further gains after time of IPO do not incur any carry fee.

It’s illiquid because now one knows when SpaceX will IPO. Starlink, part of SpaceX, is likely to IPO in the next few years but who knows. You can try to sell your shares when SpaceX is still private, but no guarantee on if buyer is there and at what price. So this is only an appropriate investment on dollars you don’t need for many many years.