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Apr 16, 2026 8:00 PM

Forget IPOs — Chamath Says Secondary Market Is Where He Buys And Sells

When it comes to investing in some of the largest private companies in the world, investor Chamath Palihapitiya has a method that has helped him get rid of losers and also buy into companies he may have missed.

Palihapitiya Highlights Secondary Markets

The year 2026 could be a big one for some of the largest privately held companies, with a likely SpaceX IPO among the largest offerings of all time, and reports that other large private companies could also look to go public.

When it comes to investing in private companies, most investments are limited to large companies, bankers, and billionaires. Some secondary markets offer investment options to retail investors, alongside institutional and accredited investors with a certain amount of capital.

Among the people who utilize secondary markets is investor Palihapitiya, best known to many as the guy who brought several companies public via SPAC mergers.

"If returns are what you're after (me), secondary markets are the most effective way I've found to ...