We had the chance to invest in SpaceX very early in its life. Our average purchase price in the first few rounds was in the $20s per share. We didn’t invest because we thought we were smarter than Elon Musk.
The CEO’s track record of success mattered. But the number one factor was watching what the big venture capital funds and hugely successful private equity firms were investing in. They were backing SpaceX, and that gave us the comfort level that it was probably right for us too. Follow the smart money, then do your own homework.
Key points
- TTI’s average price in its first SpaceX rounds was in the $20s per share.
- The CEO’s track record mattered.
- Backing from top VC and private equity firms was the deciding factor.
- Follow the smart money, then do your own homework.
Accredited investors: learn about current opportunities at tickertapeinvestments.com.
