SpaceX SPV investors face hidden fees, fraud risk until IPO lock-up ends

📡 TechCrunch · 1 min read ·
After SpaceX goes public, lower-tier investors in special purpose vehicles (SPVs) may not know their true holdings until post-IPO lock-up periods expire. These investors face hidden fees, lengthy payout delays, and the risk of outright fraud. SPVs are investment vehicles that allow smaller investors to buy shares in private companies like SpaceX, but they often come with complex terms and limited transparency.