Investor Who Bought SpaceX Shares for 15 Years Prepares for Nasdaq Listing
Justin Fishner-Wolfson, founder of 137 Ventures, has accumulated private SpaceX stock over 15 years and is set to distribute shares to investors ahead of the company's Nasdaq debut.
Investor Justin Fishner-Wolfson, who founded 137 Ventures in 2010, has built a portfolio of privately held SpaceX shares over the past 15 years. He plans to allocate those shares to the firm's investors, allowing them to decide whether to sell after the company's upcoming initial public offering on Nasdaq. The IPO, expected to occur on Friday, will make many current and former SpaceX employees millionaires, though some have already sold portions of their holdings to Fishner-Wolfson's firm.
Fishner-Wolfson, who relocated to Nevada in 2018 for tax considerations, said he does not intend to rush the sale of his personal stake. He estimates SpaceX could ultimately be valued at up to ten times its offering price, while acknowledging the price could "quadruple or go down 50%" after the listing. "It's still a company I believe in," he said.
He also noted that the personal relationships of SpaceX CEO Elon Musk are unrelated to the company's business performance. Pre-IPO investors, including Fishner-Wolfson, will be restricted from selling their shares for several months following the IPO.
