Keep pulling the thread on Elon Musk.
Prior to a potential IPO, Elon Musk holds 85.1% of the voting control in SpaceX.
Long-term investors at the top of SpaceX's capitalization table, following Elon Musk, include Fidelity, Founders Fund, Sequoia, and Google.
Star Cloud is operating an NVIDIA H100 GPU for in-orbit computing aboard a satellite.
A major trend in late-stage venture capital is the increasing participation of mutual funds, sovereign wealth funds, and private growth equity firms in later funding rounds.
Over the past 5 years, retail trading volumes have increased from approximately 15% to 20% of the market.
A specific closed-end fund providing retail access to companies like OpenAI, SpaceX, and Anthropic imposes a 6-month lockup period on investor capital.
Skeptics argue that by the time retail investors can buy into pre-IPO companies like SpaceX through specialized funds, it is often too late in the company's growth cycle to realize significant returns.
Large institutional investors, such as BlackRock, often participate as cornerstone investors in major IPOs by purchasing billions of dollars worth of shares upfront.
Robinhood Ventures offers a product that provides retail investors with investment exposure to private companies, including OpenAI.
The head of Robinhood Ventures claims their pre-IPO investment product is less risky than traditional early-stage startup investing because it focuses on later-stage companies.
Star Cloud is not comparable to SpaceX in terms of economic scale or resources.
Anthropic and OpenAI are direct competitors in the race to sell frontier AI models and software to enterprise customers.