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by thrill 4949 days ago
SpaceX remains private. Purchasing stock will be limited to accredited investors, and limited in quantity to 500(?) before the company must become publicly reporting, which carries its own compliment of pain - the new bill will raise that to 1000 I believe - still a minuscule number for a multi-billion dollar effort.

The recent launch success makes the likelihood of it going public soon a little higher, and then everyone will be able to participate - but I can only imagine all the caveats in the filing documents, and frankly after watching the debacle of a meltdown called Facebook, I wouldn't trust anyone on Wall Street to properly bring this to market unless a Dutch Auction was used.

1 comments

Of course, but I wasn't talking about SpaceX specifically, just refuting the point put forward by robbiep.