Anysphere Founders Get SpaceX Stock—But Can't Cash Out

SpaceX is buying Anysphere, the AI coding startup, for $60 billion in stock with no exit date. The founders and investors now hold illiquid shares in a private company valued at $350 billion-plus. SpaceX has dodged an IPO for years. These shareholders must wait—indefinitely—for both SpaceX to go public and permission to sell.