SpaceX IPO: Private Gains for Public Investors?

The Amazon-to-SpaceX pattern most investors miss.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

January 28, 2026   |   Listen Online   |   Read Online Elevator vs. Stairs: Unlocking Early SpaceX Exposure   Deniss Slinkins In partnership with Brownstone Research Think about Amazon. When it went public in 1997, it was valued at roughly $300 million. If you put $1,000 in, you made a fortune. But here is the catch: The earliest money—founders and private backers—rode the valuation from zero to that first $300 million. They took the elevator. You took the stairs. Fast forward to Uber. Venture capital pushed its private valuation to $76 billion before the IPO. When it finally listed, public buyers immediately ate a loss. The system is rigged. The private money captures the explosive growth; the public money provides the "exit liquidity." SpaceX is following the same script. The most explosive value is being captured right now, in private rounds where you aren't invited. But I refuse to let my readers be the "bag holders." My team has found a way to go around the front door. Instead of begging for access to private SpaceX shares, we focus on a specific public company whose fortunes are contractually tied to Starlink's build-out. It's the kind of critical supplier that institutions quietly accumulate before the headline event. You don't have to be an accredited investor to use this loophole. You just have to stop thinking like a retail trader. Click here to access the "Private Door" dossier. The Elevator vs. the Stairs Every investing cycle teaches the same lesson — just with new names. When Amazon went public, it felt early. In hindsight, it wasn't. Most of the exponential value had already been created before public markets ever had access. With Uber, the pattern became impossible to ignore. Venture capital absorbed years of risk and upside privately. Public investors arrived when the curve flattened. That wasn't bad timing. That was structure. Why 2026 Makes This Impossible to Ignore This week, Reuters and the Financial Times reported that SpaceX is actively weighing an IPO as early as June 2026 — at a valuation discussed as high as $1.5 trillion. If it happens, it would be the largest IPO in history. But the most important detail isn't the size. It's that the value isn't about to be created. It's already been captured. SpaceX has spent years compounding privately while risk was highest and growth steepest. An IPO, if and when it comes, will be designed to distribute ownership — not manufacture early-stage upside. That's the quiet shift most investors still underestimate. How Modern Capital Really Works Over the past two decades, companies have stayed private longer, raised more money off-market, and delayed public listings. Public markets now serve a different role: liquidity stability scale Not discovery. Private capital absorbs uncertainty. Public capital absorbs maturity. Once you see that clearly, frustration gives way to strategy. Where Public Investors Still Have Leverage Here's the part that gets missed. You don't need access to private shares to benefit from private growth — if you understand dependencies. Large private companies don't build alone. They rely on suppliers, contractors, and infrastructure partners whose economics are contractually tied to expansion itself. Those relationships exist before any IPO prospectus appears. That's why, even before SpaceX files anything publicly, shares of companies tied to satellite infrastructure and telecom backbones have already begun reacting to the news, according to Barron's. This isn't speculation. It's structural exposure. The Mental Shift That Changes Outcomes Retail investors are trained to think in tickers and headlines. Institutions think in: contracts guaranteed demand locked-in relationships That difference explains why the same event produces wildly different results depending on where you stand in the capital stack. The system isn't "rigged" in an emotional sense. It's engineered. Once you understand the engineering, the map changes. A Calm Conclusion The biggest investing mistake isn't missing an IPO. It's assuming opportunity disappears when access is restricted. In reality, it just moves one layer deeper — into supply chains, contracts, and incentives most people never look at. The elevator still exists. You just won't find it on the front page.     The Private Door Wall Street doesn't talk about from Brownstone Research     How did you find today's briefing? 🔘 Very useful — learned something new 🔘 Solid read — worth the time 🔘 Not for me this time Written by Deniss Slinkins Global Financial Journal   Update your email preferences or unsubscribe here © 2026 Global Financial Journal 200 E Grayson St, Suite 210 San Antonio, TX 78215, United States of America Terms of Service