Stocks of private companies like OpenAI and SpaceX are being sold via invitation-only markets to the ultrawealthy before their IPOs, creating a two-tier system (Corrie Driebusch/Wall Street Journal)

Corrie Driebusch / Wall Street Journal : Stocks of private companies like OpenAI and SpaceX are being sold via invitation-only markets to the ultrawealthy before their IPOs, creating a two-tier system —  The buzziest private companies are being sold to a select few as the universe of stocks everyone else can invest in shrinks rapidly