Reuters Breakingviews | How private share sales could kill the tech IPO

Databricks, Stripe and Elon Musk’s $350B SpaceX facilitated large exits by insiders without a float. There’s a growing pool of patient capital targeting mature startups. The bigger the trend gets, the more likely it is that profitable unicorns can stay private indefinitely.

IPO data from Cordell Eminent Scholar Jay Ritter informs this story from Reuters Breakingviews. [Subscription required.]