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Dear Reader,
Here's how IPOs really work.
Step #1: Insiders buy pre-IPO shares early.
Step #2: The company goes public and shares start trading on the stock market.
Step #3: Main Street investors pay through the nose to get any shares they can — and meanwhile, pre-IPO investors canselltheir shares for insane profits.
And here's the thing:
Elon Musk's SpaceX IPO — in whatThe Economic Timessays will be the biggest IPO in history — will be no different.
Investors who get inbefore the IPO stand to pocket life-changing gains.
I've been doing just that for 30 years.
I've recently been talking with Wall Street insiders about SpaceX. These are people with a close ear to the ground in the financial world.
And they're warning me that they've heard the timeline for the SpaceX IPO is moving way faster than expected.
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