A detailed look at SpaceX’s investors and its stock valuations
Link here. The article provides a good review of some of SpaceX’s major investors as well as the recent rounds whereby employees who hold common stock are allowed to sell some shares as a bonus.
Secondary sales like this remain one of the only ways that employees have to sell their shares. Another bit of good news for employees in this sale [in December] was that the $70 per share price was an improvement over the previous tender of $56 when adjusting for the stock split, Bloomberg reported at the time. And Bloomberg also reported last month that the next tender offer may be as high as $108 to $110 apiece.
SpaceX remains a private company however. This is not stock that can be traded on the stock market, but privately issued (under strict rules) to raise money without giving stock-holders rights to operate the company.
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Link here. The article provides a good review of some of SpaceX’s major investors as well as the recent rounds whereby employees who hold common stock are allowed to sell some shares as a bonus.
Secondary sales like this remain one of the only ways that employees have to sell their shares. Another bit of good news for employees in this sale [in December] was that the $70 per share price was an improvement over the previous tender of $56 when adjusting for the stock split, Bloomberg reported at the time. And Bloomberg also reported last month that the next tender offer may be as high as $108 to $110 apiece.
SpaceX remains a private company however. This is not stock that can be traded on the stock market, but privately issued (under strict rules) to raise money without giving stock-holders rights to operate the company.
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either. IMPORTANT! If you donate enough to get a book, please email me separately to tell me which book you want and the address to mail it to.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
-Going to have to quibble with how good-a-review of SpaceX ‘s internal stock activities this article actually is.
Granted, they are trying to quickly explain a somewhat complicated valuation situation, but it has a hit job feel to it.
A hit piece would be about how Francisco Cabada is still in a coma following an accident, with his wife filing a lawsuit a year ago this month after she had to use go-fund-me to pay medical expenses.