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Investing in SpaceX
- Thread starter OrthoSurg
- Start date
I got in back in January. Demand is crazy high. Rumor is that there may be another through SharesPost “soon”.
TheTalkingMule
Distributed Energy Enthusiast
Outlander Labs was raising funds for an SPV recently. They were charging 2%+2% management (i.e., it was a two tier fund, Fund A to raise capital for SpaceX round, Fund B that holds Fund A and likely other positions as well) and a 20% carry (e.g., they take 20% of any future gains). That's pretty standard VC rates from what I've seen in other investments.
I wasn't crazy about the structure as they had unilateral right to liquidate the position (e.g., you don't get a vote).
I wasn't crazy about the structure as they had unilateral right to liquidate the position (e.g., you don't get a vote).
Has anyone here invested in pre-IPO shares? I'm contemplating investing through this place: https://pitchbook.com/profiles/investor/527727-61 and want to know if anyone has experience with this (current share price offered $150/share). Thanks!
Where did you see the share price, and how much digging have you done into Sand Hill Road Technologies Fund and Robert Hodgins? His LinkedIn page is essentially a stub.
There was another company called Forge Global that used to offer SpaceX shares as part of its portfolio (I assume as they came onto the market from employees wanting to cash out), but their web site no longer lists SpaceX. They do have other space companies, however. If you search the forums here, you'll find mention of Forge Global.
my opinion only - investing privately through these services is hard as the reality is that you don't have a way to determine that the value you're paying is remotely correct. You're likely buying common shares sold by an employee or ex-employee - so bottom of the Cap Table - and you have no idea what liquidation preferences, rights, or conversion of the preferred shareholders or convertible securities look like above you. and you have no way to know.
Ron Baron talks about his funds that are invested in SpaceX. It happens later in the interview and he lists the ones you can invest in.
OR (I only caught the 2)
BPTRX
BARON PARTNERS RETAIL
(BPTRX)
Top Ten Holdings Table
% of portfolio in top 10 holdings: 99.39%
as of 06/30/2023 (almost 3 months ago)
AND
BFGFX
BARON FOCUSED GROWTH RETAIL
(BFGFX)
Top Ten Holdings Table
% of portfolio in top 10 holdings: 55.57%
as of 06/30/2023
BPTRX
BARON PARTNERS RETAIL
(BPTRX)
Top Ten Holdings Table
| Symbol | Description | % of Net Assets | Sub-Industry | YTD Chg. % |
|---|---|---|---|---|
| TSLA | Tesla Inc | 46.02% | Automobile Manufacturers | +124.1% |
| CSGP | CoStar Group Inc | 9.46% | Real Estate Services | +4.4% |
| Space Exploration Technologies Corp. | 9.43% | -- | -- | |
| ACGL | Arch Capital Group Ltd | 7.04% | Property & Casualty Insurance | +25.9% |
| IDXX | IDEXX Laboratories Inc | 5.81% | Health Care Equipment | +13.3% |
| H | Hyatt Hotels Corp Class A | 5.51% | Hotels, Resorts & Cruise Lines | +18.7% |
| SCHW | Charles Schwab Corp | 4.26% | Investment Banking & Brokerage | -28.2% |
| FDS | FactSet Research Systems Inc | 4.23% | Financial Exchanges & Data | +7.6% |
| MTN | Vail Resorts Inc | 4.03% | Leisure Facilities | +5.4% |
| IRDM | Iridium Communications Inc | 3.60% | Alternative Carriers | -6.0% |
as of 06/30/2023 (almost 3 months ago)
AND
BFGFX
BARON FOCUSED GROWTH RETAIL
(BFGFX)
Top Ten Holdings Table
| Symbol | Description | % of Net Assets | Sub-Industry | YTD Chg. % |
|---|---|---|---|---|
| TSLA | Tesla Inc | 14.92% | Automobile Manufacturers | +124.1% |
| ACGL | Arch Capital Group Ltd | 6.24% | Property & Casualty Insurance | +25.9% |
| H | Hyatt Hotels Corp Class A | 5.31% | Hotels, Resorts & Cruise Lines | +18.7% |
| CSGP | CoStar Group Inc | 4.78% | Real Estate Services | +4.4% |
| Space Exploration Technologies Class A Common Stock | 4.72% | -- | -- | |
| MTN | Vail Resorts Inc | 4.49% | Leisure Facilities | +5.4% |
| FDS | FactSet Research Systems Inc | 4.20% | Financial Exchanges & Data | +7.6% |
| MSCI | MSCI Inc | 3.70% | Financial Exchanges & Data | +15.8% |
| IRDM | Iridium Communications Inc | 3.67% | Alternative Carriers | -6.0% |
| GWRE | Guidewire Software Inc | 3.56% | Application Software | +45.5% |
as of 06/30/2023
Interesting post regarding Starlink launch of V2 satellites
At the current rate will take 2 years to replace 4,400 old v1 & v1.5 satellites with new versions at 22 per launch and 100 launches per annum
They need Starship volume to lift v2 to 100plus satellites per launch to speed this up
www.tesmanian.com
At the current rate will take 2 years to replace 4,400 old v1 & v1.5 satellites with new versions at 22 per launch and 100 launches per annum
They need Starship volume to lift v2 to 100plus satellites per launch to speed this up
SpaceX Launches Another Fleet of Starlink V2 Satellites in Pursuit of Doubling Annual Missions
On Friday, September 15, SpaceX launched another fleet of Starlink V2 ‘Mini’ satellites as it pursues to double its annual missions. This mission marked the 65th of 2023. The company aims to launch a total of 100 missions this year which is nearly double what it launched last year at 61...
www.tesmanian.com
Elon Musk India Visit: Tesla boss to meet Indian space startups - What we know so far
It is highly possible that Tesla's CEO, Elon Musk, will soon meet with Indian space companies, as some space startup companies have stated that they have received requests directly from the Indian government., News News, ET Now
www.etnownews.com
Which startup companies are expected to meet Elon Musk?
As per a Bloomberg report, startups including Skyroot Aerospace, Agnikul Cosmos, Bellatrix Aerospace and Dhruva Space said that they have received requests from the government to save the date for a meeting withMusk. The meeting is expected to be held in New Delhi on April 22.
Furthermore, Musk's visit to India, expected to last around 48 hours, provides insight into his schedule.
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