SpaceX · Crunchbase News
Inside The Private-Market Divide: EquityZen’s Phil Haslett On AI, SaaS And Secondaries
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As startups stay private longer, the market for buying and selling shares in venture-backed companies before they go public has become increasingly active, and heated.
Key facts
- A few companies entered your Top 20, including Figure AI, Project Prometheus, Redwood Materials and Scale AI
- Morgan Stanley announced plans to acquire EquityZen in October 2025 and completed the deal in January 2026, bringing the company under the investment bank’s umbrella
- Crunchbase News: The second quarter was one of the strongest venture-backed IPO quarters since 2021, but SpaceX drove much of that activity
- It raised at roughly a $10 billion-plus valuation and sold for substantially less
Summary
Morgan Stanley announced plans to acquire EquityZen in October 2025 and completed the deal in January 2026, bringing the company under the investment bank’s umbrella. Phil Haslett, who co-founded EquityZen and serves as its chief strategy officer, has had a front-row seat to the secondary market’s evolution. Tech markets are also doing well. Another thing to consider is IPO performance beyond SpaceX.