meta_pixel
Tapesearch Logo
Log in
TechCrunch Daily Crunch

Internal SpaceX documents show the sweet stock deals offered to investors like a16z, Gigafund

TechCrunch Daily Crunch

SpokenLayer

Tech News, News, Technology

3.849 Ratings

🗓️ 20 June 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

TechCrunch has gotten a peek at an internal SpaceX document about such a tender offer from May 2022. Musk posted on X last month that SpaceX holds such sales for employees about every 6 months. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is

0:05.0

brought to you by Shep Station.

0:07.0

This episode is brought to you by Shep Station.

0:10.0

You know folks, I'm all about working smarter, not harder.

0:13.0

Running a successful e-commerce business can be really convoluted and honestly you have enough going on so I want to introduce you guys to ship station.

0:21.6

I love using ship station because it makes it so

0:25.5

much easier to automate all my shipping tasks and I can manage all my orders in one

0:29.5

simple dashboard. Work less and ship more with Ship Station, the innovative tool that helps turn your

0:35.7

shipping challenges into opportunities for growth. Go to shipstation.com and use code

0:41.0

tech news to sign up for your free 60 day trial.

0:44.0

That's shipstation.com code tech news.

0:49.0

We take a peek at internal SpaceX documents that show the sweet stock deals offered to investors like A16Z and Giga Fund.

0:57.0

I'm Imran Shake and get ready because we're switching it up today to focus on one big story as your daily crunch for Thursday.

1:05.0

Like so many highly valued startups, SpaceX sometimes allows its employees to cash out

1:12.0

some of their shares by selling to company authorized

1:15.0

outside investors. Techronch has gotten a peak at an internal SpaceX document about such

1:20.1

a tender offer from May 2022.

1:23.4

Musk posted on X last month that SpaceX holds such sales for employees about every six months.

1:29.0

These documents offer an interesting insight and to the investors who are authorized to buy these secondary shares

1:34.8

and the good deals they get. In this offer, investors paid $70 per share to employees, the document

1:41.2

shows. That's an enormous bargain compared to the share

1:44.0

prices investors pay when investing in primary rounds where the company sells the shares

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from SpokenLayer, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of SpokenLayer and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.