What Happened
Shadowy Middlemen Profit From Private Company Shares
Ordinary investors can now buy private shares of OpenAI, Anthropic, and SpaceX through a murky market of special-purpose vehicles (SPVs) and shadowy middlemen. However, this market is plagued by high fees, transfer risks, and a lack of transparency, with some SPV peddlers already facing legal trouble. The market is driven by the desire for access to private company ownership, but it also raises concerns about the potential for fraud and abuse, as reported by Forbes.