Stocks of private companies like OpenAI and SpaceX are being sold via invitation-only markets to the ultrawealthy before their IPOs, creating a two-tier system (Corrie Driebusch/Wall Street Journal)

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Corrie Driebusch / Wall Street Journal:
Stocks of private companies like OpenAI and SpaceX are being sold via invitation-only markets to the ultrawealthy before their IPOs, creating a two-tier system  —  The buzziest private companies are being sold to a select few as the universe of stocks everyone else can invest in shrinks rapidly

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