The SpaceX IPO could finally happen (and it's a big deal)

The conversation centers on the potential SpaceX IPO and the dynamics of the secondary market for private company shares. Greg Martin, Managing Director at Rainmaker Securities, explains how the increasing trend of companies staying private longer fuels the secondary market, driven by investor demand for access and shareholder liquidity needs. He notes SpaceX as a bellwether company whose IPO could reset the market, highlighting the significant demand and rising valuations in its secondary market. Martin also discusses how opening up private secondary trading can aid companies in price discovery before an IPO, using the example of Figma's IPO. He also touches upon the complexities of secondary transactions, particularly regarding information access and cap table control.