SpaceX Shares Are a Lie. Here’s the Truth About the SPV Casino.
The SpaceX secondary market is an unregulated casino where SPVs sell exposure to shares that may not exist. Investors drawn by FOMO and the mythology of Elon’s rocket company are discovering too late that the vehicle matters more than the brand. When you buy through a Special Purpose Vehicle, you’re not investing in SpaceX — you’re trusting a middleman in a regulatory gray zone with your capital and zero recourse if the paper turns out to be worthless.