The investors whose SpaceX shares vanished before they could cash in…

Investors who paid into special purpose vehicles marketed as offering pre-IPO “exposure” to SpaceX say they were left with nothing to cash in, according to The Wall Street Journal.

One investor, Ram Rupireddy of Ashburn, Virginia, joined in 2020 after a New Jersey firm pitched him on privately held companies including SpaceX, hoping to mirror gains seen by friends in the Bay Area. He was later informed the shares had been sold before trading even began.