SpaceX's 24-Year Path to IPO Drives $50B Shift to Asset-Backed VC Lending
SpaceX could reach IPO in 2026 after 24 years as a private company, according to Turbine's Mike Hurst. Extended exit timelines are forcing limited partners to borrow against illiquid VC positions rather than wait for traditional liquidity events. Asset-backed lending against LP positions surged as secondary markets demanded 30-40% discounts by 2022.
ViaNews Editorial Team (Finance)•