SpaceX IPO leaves some private share buyers unsure what they own
Entrepreneur Tejpaul Bhatia is confident he owns a slice of Elon Musk’s SpaceX. But he can’t be 100% sure.
When the former Google executive entered the space industry in 2021, SpaceX was already one of the world’s most sought‑after private companies, valued at about $75 billion, with shares largely locked up by early backers and institutions close to Musk. Bhatia couldn’t buy shares directly, so he turned to the secondary market where a loose network of brokers buy and sell the shares of privately owned companies.
