Corrie Driebusch
speaker
254 appearances
4 recordings
2 series
first heard Apr 2026
last heard 13 Aug
Corrie Driebusch’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Jun 2026 with 2.
Appearances
He was speaking to friends and one of them mentioned to him, Hey, I have some opportunities to buy into companies before they go public.
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And top on his list was the opportunity maybe to buy shares of SpaceX, Elon Musk's rocket company.
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When he bought into the shares in late 2020 and early 2021, the valuation of SpaceX was around $58 billion.
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So as that valuation grew, his plans grew as well.
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He one of his children is going to be a senior this fall in high school.
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So in his head, this will pay for that college education.
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He wasn't buying the actual shares of the company.
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He was buying a share or an interest in a fund.
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And the fund supposedly held shares of the company.
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He was a little bit removed.
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And as we continue, we'll understand how far removed he ended up being.
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His dream of a windfall quickly turned into a bit of a logistical nightmare.
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they need a lot of money, especially private companies with as great of ambitions as SpaceX has.
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They need money to fund that.
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So throughout their growth as private companies, they sell shares to raise capital.
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So investors, venture capital funds, think family offices or other friends, as we've written about friends of Musk himself, were early backers in SpaceX.
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So every time SpaceX was doing a share sale, they were offered oftentimes first the shares to purchase.
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But a rule that regulators have that the Securities and Exchange Commission has is that you can only have up to 2,000 investors on who are listed on what is called like your capitalization table for a private company before you have to start putting out more financial disclosures.
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Otherwise you essentially are almost forced to become a public company.
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And maybe if think about a venture capital firm who has bought in for many, many years, they don't need to buy another hundred million dollars worth of shares, but they don't want to miss out on that opportunity either.
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