‘Buy SpaceX Stock Before It Goes Public’ Posts Are a Scam

A social media post claims that you can invest early in SpaceX stock by following the advice of a supposed expert in a group chat.

Context

A common strategy among online scammers is to lure victims into a group chat with the promise of an investment opportunity. However, it’s all a scam to steal users’ money. Aside from the scam, CNBC reported in June 2022 that Musk told SpaceX employees that the company was not likely to go public until 2025 or later.

On Oct. 10, 2022, a paid ad on Facebook promoted a fake investment opportunity with the words, “How To Buy SpaceX Stock Before It Goes Public.” The ad showed a picture of SpaceX CEO Elon Musk and directed users to chat with a person on Messenger, who then told users to visit a WhatsApp group chat named “Stock Learning Group 28.” But none of this was legitimate. It was all a scam to steal users’ money.

There was no indication that Musk or anyone at SpaceX had anything to do with the scams.

The full scam post that promised a way to “buy SpaceX stock before it goes public” read as follows:

Bullish on the future of space travel? See how to invest in SpaceX before it goes Public!

We help you pre-buy stocks in the latest up-and-coming companies, before most retail investors.

Getting in on the best companies before they go public is how you can get the returns like recent IPOs such as:

AirBnB…

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