SpaceX and the Locked Gate: Why the Most Coveted IPO in a Generation May Still Shut Out Ordinary Investors

SpaceX and the Locked Gate: Why the Most Coveted IPO in a Generation May Still Shut Out Ordinary Investors

SpaceX is the most valuable private company on the planet, and almost nobody outside a narrow circle of insiders can buy shares in it. That tension — between a company whose rockets light up public skies and a stock that remains stubbornly private — has defined one of the strangest investment stories of the past decade. Now, as speculation about an eventual initial public offering builds again, ordinary investors are asking a simple question: Wi…