He's Been Quietly Amassing SpaceX Stock for 15 Years
Newser • • business
Key Points:
- Fishner-Wolfson, founder of 137 Ventures, has heavily invested in SpaceX, focusing on the company's business rather than Elon Musk's personal life or controversies.
- The upcoming SpaceX IPO will make thousands of current and former employees millionaires, with some having already sold shares to Fishner-Wolfson's firm.
- Fishner-Wolfson plans to distribute SpaceX shares to his investors, who will decide whether to sell, though shares cannot be sold until months after the IPO.
- Having moved to Nevada in 2018 for tax reasons, Fishner-Wolfson is optimistic about SpaceX's future value, predicting it could be worth up to ten times the offering price despite potential volatility.
- SpaceX's stock is set to begin trading on Nasdaq on Friday, though the exact timing remains uncertain.