Sorry but there's no such thing as "juping into SpaceX". Read this thread from the beginning (2013) and you'll see that basically the bottom line is: You can't invest in SpaceX.
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Sorry but there's no such thing as "juping into SpaceX". Read this thread from the beginning (2013) and you'll see that basically the bottom line is: You can't invest in SpaceX.
Talk to me next week and I'll disabuse you of that notion.
LargeHamCollider
Battery cells != scalable
This is not true, just have to be willing to put up 250k or more.
Talk to me next week and I'll disabuse you of that notion.
I would love to be disabused! And I would love the practical details about how this is done. I've invested in other private ventures where, if you were a US citizen you needed to be an Accredited Investor, but that requirement didn't exist for me as a foreigner.
Is it through Forge?
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Sharespost (which is merging/has merged with Forge) 250k investment plus some fees. I can't say I love the terms but the opportunity is unique. I'm conservatively planning to get my initial investment back when Starlink is spun off and IPOs. Then I can let the core SpaceX investment ride to Mars. Getting accredited isn't hard if you meet the requirements.
Your original statement was correct. Accredited investors can invest in a Special Purpose Vehicle that then owns SpaceX shares, but you can't buy the shares directly. Given this, you really have to read the SPV docs very carefully, and frankly, should have an experienced financial advisor or lawyer read them.
Getting antsy... wanting to invest in SpaceX.
I think owning SpaceX will be the cherry on top of the cake for me as an investor for 20+ years since I really only owned publicly traded stocks.Getting antsy... wanting to invest in SpaceX.
Good news folks. My friend since high school dad does know Ben and his father. They all work at Oppenheimer Chicago. The fathers known each other for 40 years. If this happens with decent terms I’ll be jumping in.
I am currently also looking into the Sharespost investment opportunity. They told me about the fees, but one thing they have not confirmed with me is whether the 2% annual management fee has a cap or not, e.g., capped in 5-years. I am currently waiting for them to send me the final investment document to review. Do you happen to know if 2% annual management fee has a cap or not? Thanks!
I called Sharespost yesterday and they told me that the document will be ready in 2-3 days.
Bet TSLA
Active Member
I suppose you'll make money in the end, but I'm not willing to shovel money at barnacles for pretty much nothing.
They aren't barnacles and they aren't doing nothing. That's what the last guy who put together a pool of 150 or so investors found out when he tried to do what Sharespost is doing. Just for example, those investment docs were written by a very expensive lawyer. Every year, tax docs must be put together, etc.
Right there with you! I've been wanting to since joining Tesla in 2014 and getting a tour of Hawthorne. I almost did that pool way back, but the terms were shady and I wasn't willing to lose it all. I'm looking forward to doing more investing as an accredited investor.Getting antsy... wanting to invest in SpaceX.
Yep, and I've heard they also take 20% of the profits when you cash out. (I don't know if that is true or not.)
So at this point I just dumped some money into BPTIX, which is only a little over 3% SpaceX, and a bunch of TSLA. Sure the fee on it is almost 2% as well, though it is hidden in the returns, but I can cash out any portion at any time with no additional fees. (And BPTIX just paid a ~0.8% LT Cap Gain dividend in September followed by another ~3.6% LT Cap Gain dividend at the end of November.)
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