00:00If you go back maybe five years ago, retail investing in the public markets made about 10%.
00:04Today it's upwards of 25.
00:06I want to invest in AI companies because it's really the future of our generation.
00:10So many retail investors are trying to invest in these funds because they feel that those funds are gatekept.
00:15Retail traders are racing to buy shares of SpaceX, OpenAI, and Anthropic.
00:20And they're trying to get in on the action before these tech giants even hit public markets.
00:25How big a deal is this SpaceX IP? I mean, the numbers are eye-popping.
00:29The biggest deal ever, literally.
00:31With 2026 poised to be a banner year for IPOs, these investors want a piece of the action.
00:38And they're trying to do it while these companies are still private.
00:41I feel like it was a great opportunity to start early and invest in a company that wasn't open to
00:46the public yet.
00:47The pressure is officially on.
00:49SpaceX is slated to go public later this month.
00:52OpenAI is preparing for its listing in the coming weeks, and Anthropic could IPO as soon as this fall.
00:57Private tech shares have long been limited to Wall Street's elite, like pension funds and private equity.
01:03But retail traders are finding new ways in.
01:06Some are buying closed-end funds with tech exposure.
01:09Others are picking up niche ETFs with holdings in SpaceX.
01:13And many are buying shares in privately listed companies on secondary platforms directly from company insiders.
01:20For it to just take off and blow up the way it did was something that really surprised me.
01:24One of the biggest risks of investing in funds like this is the opacity of the underlying holdings and the
01:30opacity of fees.
01:32These startups offer far less financial disclosure than publicly traded firms, and their fees are notoriously high.
01:39Plus, companies like Anthropic are actively pushing back on unauthorized secondary sales.
01:45As tech companies choose to stay private for longer, fund founders say we're witnessing a massive market evolution.
01:52The ultimate test comes later this month, when SpaceX goes public, and retail investors find if their bets paid off
01:59or if they just bought into the hype.
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