May 13, 2026
SpaceX Crew Dragon and Falcon 9 during an in-flight abort test. Demand for pre-IPO exposure to the company is intensifying ahead of a possible listing. Illustration: NASA/SpaceX.
The rush among private clients to buy into SpaceX, OpenAI, and Anthropic before they reach public markets is pulling capital into structures few buyers can fully verify, according to Jan van Eck, chief executive of VanEck. He warns that the market has now grown large enough to encourage fraud.
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