The valuation of the Pre IPO project is growing rapidly, making it a gold mine in the primary equity market. A recent letter from SpaceX's CFO to shareholders revealed that SpaceX is preparing to go public next year, with the earliest possible date being June. And has initiated a secondary stock offering, valuing the company at $800 billion. This has caused a shock in the market. It should be noted that six months ago, SpaceX's last round of financing was only valued at $400 billion, and in just a few months, its valuation has doubled. In fact, it's not just SpaceX, the valuation growth of popular star projects in the equity market has been rapid in the past two years: 1) OpenAI's financing valuation in July this year was $300 billion, with a latest valuation of $500 billion, an increase of 60%; 1) Authropic's mid year valuation is $180 billion, and its recent valuation is over $300 billion, nearly doubling; 3) Kalshi's financing valuation was $5 billion three months ago, and its latest valuation has exceeded $10 billion, achieving a doubling growth; 4) Polymarket had a valuation of $1 billion at the beginning of the year and has recently surpassed $8 billion, representing a growth of 700% There are many examples of rapid valuation growth in the primary equity market. What does this mean? Most equity projects have shifted their value creation and exponential growth from IPO to pre IPO. If only investing in the secondary market, the market value will be very high by the time the company goes public, which will greatly compress the growth space of the secondary market. Especially now that companies have been privatized for longer periods of time than ever before, it means that more value creation is completed before the IPO. Over the past 25 years, according to Cambridge Associates, the annualized return on venture capital has averaged 3-5% higher than that of public equity. And unlike most asset classes, the correlation between the private equity market and the public equity market (i.e. the secondary market) is extremely low (r ≈ 0.3), because equity investments are locked in before going public, difficult to circulate, and decoupled from market changes and macro environmental changes, only highly correlated with company business growth. This will bring about true diversification, rather than another asset disguised as stocks. Private equity is highly attractive, but ordinary investors are still unable to participate How do ordinary people invest in SpaceX or OpenAI? As non listed companies, they are still out of reach for most people. The opportunities for ordinary investors to participate in these companies' IPOs are almost zero. The core issue is still due to mechanisms or regulatory issues, where general investors are excluded from wealth creation in the private equity market, which has created a market value three times that of the public market over the past 25 years. This is the value of Jarsy @ JarsyInc Jarsy is a platform focused on tokenizing illiquid assets, transforming traditional private equity into tradable assets on chain by issuing digital assets directly anchored to Pre IPO company equity, thereby enhancing asset liquidity. The operation mechanism of Jarsy is also hardcore enough: Jarsy first completes the real equity acquisition of the target company by the platform, and then puts this equity on the chain in a 1:1 form through tokens. This is not simply a securities mapping, but a substantial transfer of economic equity. So Jarsy stated that it is not a 'short promise', and its token is backed by 'real private company shares' as underlying assets. That is to say, behind each token is a real SPV holding shares/economic benefits, rather than a groundless speculation. At Jarsy, retail investors can purchase tokenized equity in unicorn companies such as SpaceX, Anthropic, OpenAI, etc. with a minimum threshold of $10 and real-time trading, which is still very attractive. Recently, Musk forwarded a Jarsy official tweet about SpaceX As a Pre IPO platform for equity investment RWA, its compliance and security are very important: Wilson Sonsini Goodrich&Rosati, a top law firm in Silicon Valley, is Jarsy's legal advisor; The platform strictly implements KYC/AML, and US users need to be certified as qualified investors; Each private equity token is an SPV independent custody structure, with assets completely isolated. Even if the platform is shut down, investors' rights and interests are still protected; Transparency is crucial when publishing reserve certificates on the chain every month. The opportunities are still enormous. According to Preqin's data, the global private equity market AUM has exceeded $13.1 trillion in 2024, an increase of 150% since 2018. If you believe that we are at the beginning of a huge technological revolution such as AI, robotics, and defense technology, the first to see excess returns must be in the private equity market. As the secondary market becomes increasingly efficient—— Thanks to asset tokenization and gradual relaxation of regulation—— The liquidity issue is also rapidly disappearing. In the end, the future will gradually enter a period where investors can truly invest and allocate private equity assets, and exit at the time they want to. You can register to experience the Jarsy platform https://app. (jarsy.com)/? invite_code=vmjyql