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Domain knowledge matters, even at the management level, especially in industries like aerospace. Again, I assert there is very little overlap or talent lost as
by chrisco255 3y ago
Domain knowledge matters, even at the management level, especially in industries like aerospace. Again, I assert there is very little overlap or talent lost as a result of some kind of Boeing to Silicon Valley brain drain. That's a poor excuse backed up by nothing.
There isn't a need for nearly as many aerospace engineers as there is for software development, so whatever the market works out for that is fine. Nobody is talking about mechanical engineers at Tesla, Ford, GM, Toyota, etc are not doing the same thing nor is anyone blaming silicon valley for a lack of talent in those companies. Absolute scapegoating.
Airbus and Boeing being located on different continents hardly compete for the same talent. Boeing's problems are almost entirely at the leadership level, not at the lower or mid levels. Everything else is downstream of that.
No, SpaceX cannot give out stock options because if they give equity to too many people they will be forced to go public, which Elon has said he doesn't want to do. After 2500 people own a company's stock, the company has to IPO. They just pay well.
- sahila 3y agoWhat's the 2500 rule from? Can the company not sell to another at the size and how long do they have before forced IPO?
- yreg 3y agoIt seems that the max shareholder amount is 2000 (not 2500j, but that doesn't count employees, so SpaceX is safe. https://www.quora.com/How-many-shareholders-are-allowed-in-a-private-company-if-there-is-a-limit-in-the-US https://www.quora.com/How-many-shareholders-are-allowed-in-a...
- yreg 3y agoIt is known SpaceX gives out equity in some form on a long vesting schedule. They also apparently buy these shares back. See Glassdoor. edit: It seems that the 2000 shareholders limit (not 2500) doesn't count employees: https://www.quora.com/How-many-shareholders-are-allowed-in-a-private-company-if-there-is-a-limit-in-the-US https://www.quora.com/How-many-shareholders-are-allowed-in-a...
- 15155 3y ago> After 2500 people own a company's stock Which is why many large private companies have special purpose entities for employee ownership and the like.