JPMorgan to trade shares of pre-IPO giants including SpaceX, Robinhood, Airbnb
Stock trading is complicated because those companies aren't public yet, but they aren't public (yet).<p>I think I recall Elon Musk saying that SpaceX isn't going to go public, possibly because it's a very long-term endeavor, and his goal is to go to Mars, not make huge profits.<p>So, there's clearly a problem there. Companies don't want to go public to avoid the incentives of the public market, but they also want their stocks to be traded.<p>One possible approach is the Long Term Stock Exchange which we've discussed a few days ago. One of their goals is to provide liquidity to early employees and other long-term shareholders without necessarily shifting the focus to the quarterly numbers. I don't know how well they'll achieve that, but I'm really curious.<p>What would be other solutions?