Docs and sources detail the opaque market for shares of Elon Musk's private companies; Valor recently offered investors $1B worth of shares in SpaceX and xAI
Lucrative stock deals have allowed SpaceX to avoid public scrutiny even as it has grown into one of the largest companies in the U.S.
“Access to SpaceX, Xai and Neuralink shares is controlled by a tightknit coterie of Musk associates, who have quietly built businesses doling them out through shell companies, racking up huge fees and profits in the process.” www.wsj.com/business/elo...
It pays very well to be friends with Elon Musk. What CEO would go public when you can make your best friends rich controlling your share offerings instead of the New York Stock Exchange? @cdriebusch et al on SpaceX the moneymaker