SoFi Unlocks SpaceX Exposure For Retail Investors: Here's How

SoFi Technologies, Inc. SOFI announced expanded access to alternative investments on Wednesday through three new private market funds, including the Cosmos Fund which exclusively holds SpaceX stock. 

What To Know: SoFi said it conducted a survey that found more than 87% of investors have an interest in investing in privately held companies with Open AI, SpaceX and Epic Games ranking as the top three private companies with the most retail investor interest. 

Don’t Miss:

• The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.
• This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.

SpaceX, led by Elon Musk, has an estimated valuation of more than $200 billion, but it is not a publicly traded company. However, the company has an internal trading program that allows employees and existing investors to buy and sell shares and the Cosmos Fund holds only SpaceX stock.

Through a partnership with Templum, SoFi Invest members who are accredited investors can now invest in the Cosmos Fund, the Pomona Investment Fund and StepStone Private Markets Fund. 

“Historically, the retail investor community has had few opportunities to invest in privately held companies, but we firmly believe in broadening access to potentially valuable opportunities,” said Anthony Noto, CEO of SoFi. 

“Today marks yet another milestone on our path to helping SoFi members achieve financial independence by giving them an opportunity to invest in some of today’s most sought after privately held companies,” Noto added. 

What Else: There are some requirements for investing in the Cosmos Fund through SoFi, including a minimum investment of $25,000 and an offering period that runs from Dec. 4 through Dec. 19. 

Investors can also access SpaceX through the Ark Venture Fund which has 12.4% of its assets invested in SpaceX and also holds shares of OpenAI and Epic Games. All SoFi investors can access the Ark Venture Fund through SoFi's brokerage platform. 

Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Interest Rates Are Falling, But These Yields Aren't Going Anywhere

Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities.

Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

Looking for fractional real estate investment opportunities? The Benzinga Real Estate Screener features the latest offerings.

Photo: Shutterstock