Watched some stuff on spacex talking about future valuations and I thought why not buy a small amount for my kid? Then I found out it’s still private and ran across this Motley Fool ad that mentions secondary trading of pre-IPO companies. This sounds cool and crazy at the same time . Any of you done this? https://www.fool.com/investing/how-to-invest/stocks/how-to-invest-in-spacex-stock/
So you don’t actually own anything like a stock or option? Would it be a partnership like a hedge fund? I don’t think that’s what the link was talking about. I was thinking it was basically a bet that is a little shady.
It depends who is offering. Gali seems to be in a partnership. Steven Mark Ryan got offered stock. It depends who you know.
So I’m now assuming that there isn’t a standardized instrument called a “secondary”? That’s the question I was getting at. That article was the first time I’d ever heard the ability to buy bet on a stock price of a company that hadn’t gone public yet. I’m not asking about SpaceX in particular.
https://www.seedrs.com/invest/marketplace?sort=trending_desc&sort_collection=businesses seems to be a U.K. secondary market.