You Can Own Elon Musk's SpaceX. But at What Price? -- WSJ

Dow Jones

2025/01/25

Some prices for SpaceX stock are posted online at Nasdaq Private Market, a trading platform for nonpublic securities. "You Can Own Elon Musk's SpaceX. But at What Price?," at 11 a.m. ET, incorrectly referred to the platform as Nasdaq Second Market.

(END) Dow Jones Newswires

January 24, 2025 17:41 ET (22:41 GMT)

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But at What Price? -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Some prices for SpaceX stock are posted online at Nasdaq Private Market, a trading platform for nonpublic securities. \"You Can Own Elon Musk's SpaceX. But at What Price?,\" at 11 a.m. ET, incorrectly referred to the platform as Nasdaq Second Market. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 24, 2025 17:41 ET (22:41 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>You Can Own Elon Musk's SpaceX. 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But at What Price? -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-25 00:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Some prices for SpaceX stock are posted online at Nasdaq Private Market, a trading platform for nonpublic securities. \"You Can Own Elon Musk's SpaceX. But at What Price?,\" at 11 a.m. ET, incorrectly referred to the platform as Nasdaq Second Market. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 24, 2025 17:41 ET (22:41 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2506786751","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506786751","pubTimestamp":1737734400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"An exchange-traded fund can do that for you.But if you want to find out whether you're paying a fair price, good luck with that.This matters not just to people who want to invest in SpaceX, but to anyone who's being pitched nontraded or \"alternative\" assets through ETFs. The stock and debt of private companies is nowhere near ready for continuous trading in public markets. SpaceX shows why.On Dec. 3, a little fund called the ERShares Private-Public Crossover ETF  announced it had made privately held SpaceX its top holding. Like many outside investors, the ETF bought SpaceX through a special-purpose vehicle. An SPV is a private fund created to hold a specific asset. The fund paid $7.5 million, the equivalent of $135 per SpaceX share, says Joel Shulman, ERShares' founder and chief investment officer.On Dec. 12, XOVR publicized an additional $10 million purchase, raising its stake in the SpaceX SPV to 12% of the fund's total assets. It paid an \"implied\" $185 per share on Dec. 11, says Shu","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","FDN":"First Trust Dow Jones Internet I","BK4588":"碎股","XOVR":"ERShares Private-Public Crossover ETF","BK4550":"红杉资本持仓"},"translate_title":"你可以拥有埃隆·马斯克的SpaceX。但代价是什么？——《华尔街日报》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDN":0.76,"XOVR":0.9},"content_text":"Some prices for SpaceX stock are posted online at Nasdaq Private Market, a trading platform for nonpublic securities. \"You Can Own Elon Musk's SpaceX. But at What Price?,\" at 11 a.m. ET, incorrectly referred to the platform as Nasdaq Second Market. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 24, 2025 17:41 ET (22:41 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}