4 ms·
Musk's shares are locked up for a year.
by rogerrogerr 3mo ago
Musk's shares are locked up for a year.
- brazukadev 3mo agoand? Are you implying that Elon doesn't own the 80B spacex got from the IPO?
- rogerrogerr 3mo agoI am implying that because it is true. SpaceX owns the $80B. Elon owns stock in SpaceX. The IPO was a primary offering in which SpaceX issued new shares and received the proceeds. If Elon had personally sold shares, the prospectus would have identified him (or other selling shareholders) in a secondary offering. It doesn’t.
- brazukadev 3mo ago> Elon owns stock in SpaceX. He also owns SpaceX management and its assets.