SpaceX, with a projected valuation nearing $1.75 trillion, is set to be one of the most anticipated IPOs in history. However, most retail investors cannot purchase shares directly before the IPO, which is expected in 2026. Instead, they can gain indirect exposure through investments in companies like Alphabet Inc., which holds around 6% of SpaceX, or specialized funds such as the Baron Partners Fund and ARK Venture Fund. These funds provide a way to invest in SpaceX while mitigating some risks associated with direct investments. The growing interest in pre-IPO investments reflects a broader trend where private companies remain private longer, capturing growth before public access. While indirect investments offer a buffer against volatility, they come with risks such as liquidity constraints and valuation uncertainties. Ultimately, investors must weigh their risk tolerance and investment goals when deciding whether to invest now or wait for the IPO.