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SpaceX is slowly and steadily increasing the float over the first 6 months by having a rolling end to the lockup. The only major cliff will be Elons shares
by HWR_14 5mo ago
SpaceX is slowly and steadily increasing the float over the first 6 months by having a rolling end to the lockup. The only major cliff will be Elons shares
- rlt 5mo agoSteadily starting about 60 days (Q2 earnings) after the IPO.
- throwaway2037 5mo ago> The only major cliff will be Elons shares Do you really think he would see a large portion of his shares on his unlock date? If so, why? What would he do with the capital?
- andruby 5mo agoOff-load some of them when the valuation is _to the moon_ from AI and then later he'll force shareholders and the board to gift him even more shares then he sold.
- HWR_14 5mo agoI don't think he'll sell a large portion of his shares. My point was that when his shares become sellable will be the only time there is a giant leap in available shares. Because everyone else will be able to sell some of their shares in regular intervals.
- throwaway2037 5mo ago> My point was that when his shares become sellable will be the only time there is a giant leap in available shares. Fair point and well-stated. Another thing that is special about Musk's "vesting cliff": He has the longest in modern history: one full year. I cannot think of any other IPO in the last 10 years where the founder had such a strict/long vesting cliff. While I think the "super shares" (with 10x voting rights) are bullshit, I do think the very long vesting cliff is a good sign.
- lostlogin 5mo ago> The only major cliff will be Elons shares You can’t imagine a scenario where he goes lunatic and does something wild (again)?