Ticker Tape has invested in several rounds of SpaceX, and it has also walked away from additional attempts that didn’t hold up. A recurring problem, after the first surprise, was a proposed seller who didn’t actually own the shares.
Some of those pitches were a contract promise: if SpaceX goes public, the seller will buy shares in the market and deliver them to you. Others involved options, with an economic interest to be passed along only after the option was exercised. Other investors have told Tom they didn’t need to invest with Ticker Tape because they already had ‘their own’ SpaceX deal. The red flag is the same in each case. Before you commit capital, verify what you’re actually buying, who owns it, and whether the seller can legally deliver it. A compelling story means nothing if the ownership isn’t there.
Key points
- A SpaceX offer can look real on the surface even when the seller doesn’t own any shares.
- Some structures are just a promise to go buy the stock later, or to pass along an option after it’s exercised.
- Ticker Tape has passed on more than one deal with that fact pattern.
- Before wiring money, confirm what you are buying, who owns it, and whether it can actually be delivered.
Accredited investors: learn about current opportunities at tickertapeinvestments.com.
