# SpaceX investors say SPV sold shares before IPO windfall 2026-08-06T14:33:56+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Investors who bought exposure to SpaceX through a fund run by Late Stage Management say the firm sold the shares before the rocket company began public trading. Ram Rupireddy told The Wall Street Journal that he paid $17,250 in 2020 and was later told his exposure had been sold in 2024, when it was worth about $45,450. Yet his portal and tax document appeared to show he still held the equivalent of 2,500 shares, worth more than $300,000 at the reported IPO price. Rupireddy has complained to the Securities and Exchange Commission. He believes more than 100 investors face a similar problem. Late Stage did not respond to repeated requests for comment, while the SEC and FBI declined to discuss any possible investigation. A first group of pre-IPO investors is due to become eligible to sell shares on Thursday. ## Coverage - hindustantimes.com Tags: investors, private markets, SEC, SpaceX, SPVs Canonical: https://indianopinion.org/spacex-investors-say-spv-sold-shares-before-ipo-windfall/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/spacex-investors-say-spv-sold-shares-before-ipo-windfall/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.