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A Qualified Purchaser is an investor with at least $5 million in investments or a company with at least $25 million in investments
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Since I do not have $5 million investments I’m trying to create a company that has at least $25 in investments so that I along with my partners can invest in SpaceX.
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After SpaceX IPO, the shares will be transferred to the said company which will then be transferred to the investors in the company based on their individual contributions
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The initial investments/cash pooled in by the individual investors will be held in a brokerage account in the name of the company. Once the SpaceX shares are acquired through forgeglobal.com, these investments can be transferred back to the individual investors
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At this point in time, I'm only looking for partners who can bring in at least $1M in investments to keep the number of partners as low as possible.
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So if you're interested you should be ready and willing to share screenshots/docs showing at least $1M in investments and be ready and willing to transfer at least $1M in investments/cash to the company account.
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If 20 of us get together and put $100K each, then that’s $2M. So even if you, as an individual, have $5M in investments, it is better to join us as forgeglobal.com would prioritize us over an individual willing to buy just $100K worth of SpaceX shares.
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Note that the requirement for the company is $25M investments. Not just cash or stocks. Could be anything shown here:
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AJ
@AlternateJones
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In order to meet the threshold of $25M, the partners would transfer their investments (of at least $1M) to the company. Once the SpaceX shares are acquired (with additional capital from each investor), the company would return the individual investments to the partners.
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We will open a custodian account in the name of the LLC. All the shares and cash will be transferred to that account.
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How is your investment going? Last time I checked you said you qualify as a standard purchaser. Did they reach out to you?
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Does not matter to me... spaceX would still own shares in starlink? Either way, SpaceX laying the foundation for a new space economy, with or without starlink its gonna be a fun ride
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