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).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.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.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.What would be other solutions?