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OpenAI and SpaceX are making it big without an IPO. That's bad news for young investors.

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Getty Images; Alyssa Powell/BIEd Elson, a 26-year-old research analyst and co-host of the Prof G Markets podcast, has heard plenty of stories about generations before him getting rich on stocks. His own co-host, New York University business school professor and entrepreneur Scott Galloway, who's 60, invested $800,000 in both Apple and Amazon back in 2009. Today, those investments total $40 million, a cornerstone of his $150 million net worth.

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