SpaceX Pre-IPO Investors Say Fund Manager Sold Their Shares Years Ago Without Telling Them
Investors in special purpose vehicles run by Late Stage Management thought they owned pre-IPO SpaceX shares worth hundreds of thousands of dollars after SpaceX's June IPO. According to the Wall Street Journal, at least four of them say the underlying shares were quietly sold back in 2024, and they only found out after the IPO priced. The SEC and FBI are reportedly already talking to at least one investor. Complaints are filed, no charges exist yet, and Late Stage Management hasn't been shown in these reports to have publicly answered the specific allegations.