3 ms·

Bill Ackman Proposes SpaceX IPO Through Sparc, Prioritizing Tesla Shareholders

• SilverElfin 11mo ago
  Title should say SPARC in all caps but HN converts it automatically. > Billionaire investor Bill Ackman on Saturday proposed merging SpaceX with Pershing Square SPARC Holdings, a special purpose acquisition rights vehicle created by his firm, Pershing Square Capital Management, that would give Tesla Inc. (NASDAQ:TSLA) shareholders priority access to invest in SpaceX See https://xcancel.com/BillAckman/status/2002484983123136990 https://xcancel.com/BillAckman/status/2002484983123136990 for the actual proposal
• esafak 11mo ago
  https://www.reuters.com/markets/deals/how-bill-ackmans-sparc-differs-spac-2023-10-02/ https://www.reuters.com/markets/deals/how-bill-ackmans-sparc...
• ungreased0675 11mo ago
  Why would Tesla shareholders be prioritized? SpaceX is a different company.
  • SilverElfin 11mo ago
    That’s what I was wondering too. It feels like corruption to mix the interests of two companies that are supposed to be totally independent. Apparently SpaceX has been buying up the unsold cybertruck inventory too.