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SPV Holdings Controversy Escalates After SpaceX IPO; Investors Claim Premature Equity Disposal and Missed Returns

Source: www.wsj.com
According to The Wall Street Journal, multiple investors stated that they had indirectly held shares in Space Exploration Technologies Corp. (SpaceX) through special purpose vehicles established by Late Stage Management, but after SpaceX went public in June 2026, they were unable to access the relevant accounts and were told that the holdings had been sold in 2024, thus missing out on the potential gains from the listing.

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