SpaceX Reveals Sweet Stock Deals for Investors in Internal Documents

SpaceX Reveals Sweet Stock Deals for Investors in Internal Documents
Internal SpaceX documents have unveiled lucrative stock deals offered to select investors, including a16z and Gigafund. In a tender offer from May 2022, employees were able to sell shares at $70 each, significantly below the $270 price during primary sales. The documents highlight the disparity between common and preferred shares, with preferred shareholders owed substantial amounts in liquidation preferences. Notable authorized buyers include Andreessen Horowitz, Aliya Capital Partners, and Gigafund, indicating a close-knit group of investors aligned with Elon Musk. The next tender offer could reach up to $110 per share, providing further incentive for employees.