beSpacific<p><a href="https://newsie.social/tags/Musk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Musk</span></a> friends R making money by selling access to stakes in his private companies. A coterie of his associates tightly control the entry point to hard-to-get shares investors covet particularly in <a href="https://newsie.social/tags/SpaceX" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SpaceX</span></a>, <a href="https://newsie.social/tags/xAI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>xAI</span></a>, <a href="https://newsie.social/tags/Neuralink" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Neuralink</span></a> <a href="https://newsie.social/tags/BoringCompany" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BoringCompany</span></a> per WSJ . A business w 2,000 “holders of record” is legally required to disclose financial information like a public company. 1 way to avoid that is for existing investors to sell shares of holding companies that own stakes in the Musk businesses to outsiders.</p>