[Even in the U.S. stock market, investment scams? SpaceX investors claim SPV shares disappeared, missing out on IPO windfall] BlockBeats News, August 6: According to a report by *The Wall Street Journal*, multiple investors have alleged that they indirectly held SpaceX shares through a special purpose vehicle (SPV) managed by investment firm Late Stage Management. However, after SpaceX went public in June 2026 with a valuation of $1.77 trillion, the investors were unable to log into their accounts and were informed by the company that their shares had been sold in 2024, causing them to miss out on significant profits. The investors have filed complaints with the U.S. Securities and Exchange Commission (SEC) and hired attorneys, with both sides in serious disagreement over the status of the shares. Late Stage was founded in 2015 and marketed itself to individual investors as a way to access pre-IPO shares of popular tech companies. The company claimed it would only profit after the companies' shares went public. In March of this year, three Late Stage executives admitted to charges of defrauding investors. Federal prosecutors stated that Raymond John Pirrello Jr., Joseph Passalaqua, and Robert Cassino concealed markups and fees from investors. The three are awaiting sentencing and face a maximum of 20 to 45 years in prison. Attorneys noted that the issue of pre-IPO shares is not part of their case. Lawyers for other executives did not immediately respond to requests for comment. SPVs tied to other potential blockbuster IPOs have also drawn attention. Anthropic, an artificial intelligence company expected to launch its IPO this fall, recently unsettled investors holding its shares through SPVs. In May, the company updated its website with a notice stating it would not recognize the sale of Anthropic shares without board approval, specifically naming several online platforms that directly or indirectly resell interests via SPVs. At least two brokerages are still sending emails and text messages to potential investors, offering opportunities to acquire Anthropic shares through SPVs. [Original link]