Post by Vested Finance

SpaceX listed on Nasdaq last Friday. By the end of the day, it was valued at over $2 trillion, making it worth more than Tesla, a company Elon Musk has spent over two decades building. A few months before this, on Vested, we'd opened up SpaceX to investors in the private markets, at a valuation of $380 billion. Of every private market deal we've run so far, this is one of the few listings where the jump after listing has been the sharpest, roughly six times, in a matter of months. Compare that to how Meta, Amazon, or Nvidia traded in their first year as public companies, climbing steadily over months. SpaceX compressed most of that climb into a single day. The number that interests us more than the multiple is 24. That's how many years SpaceX stayed private before this listing, compared to about 7 years on average for the Magnificent Seven. There's simply more private capital around now, sovereign wealth funds, late-stage VC, large asset managers, and companies can raise tens of billions privately without ever feeling pressure to list. What this means for retail investors is that the IPO is no longer the starting point of a company's public story. It's closer to the middle, sometimes later. Most of the value creation has already happened by the time most people get a chance to buy in, and for Indian investors, until recently, there was no route in even before that. That's the reason we brought SpaceX, and other private market deals, onto Vested in the first place. The goal has always been to make companies like this accessible to Indian investors while they're still being built, not just after they list. If you want to understand how this works, we've written about it on GlobEd:  https://lnkd.in/eYiNCirD Image Source: Bloomberg