This is incredible, SpaceX early investors will be able to sell 20% of $SPCX shares after the Q2 earnings report on June 30th.
There's also a performance-based trigger where investors can sell an additional 10% of stock if the stock trades 30% above IPO price for 5 days after earnings June 30th.
The lockup structure also allows investors to sell in increments of 7% after 70, 90, 105, 120 and 135 days after IPO. The remainder unlocks after 180 days.
This one of the greatest wealth transfers I've ever seen from retail to early investors. No wonder they changed the rules to rush it into the indices after only 15 days (July 3rd).
When that happens, retirement funds and passive ETFs will be forced to buy SpaceX precisely when the unlocks hit and early investors are able to begin dumping their shares.
Is this the most corrupt IPO in history?
@nexta_tv Meta seems to be tanking hard. Using LLMs to replace people is like using cotton candy to plug a leak.
Good luck Zuck, too bad your business sense sucks.
@nexta_tv Meta seems to be tanking hard. Using LLMs to replace people is like using cotton candy to plug a leak.
Good luck Zuck, too bad your business sense sucks.
@babyboykayy@Jef_Musab@WatcherGuru The problem is you are replying to people who are so naive Or so dumb that they can't even understand what you are saying about the bridge and shit.
Elon Musk having traveled to China for no reason and at our expense has returned as the genius of apparently everything.
Not only does he know all about the intricacies of human behavior and democracy he is now a critic of movies.
Think how much higher American society may have reached if Elon Musk would have been here since the beginning of the nation.
Boggles the mind.
Elon Musk should not be admired or respected.
Elon Musk should be feared as a wealthy gangster who pushes any button to get what he wants.
What Elon Musk wants is to benefit himself,amass more billions of dollars and never have a single altruistic notion.
Elon Musk's game is to get as much as he can as fast as he can.
To him you can either get out of his way or...that's it really.
Elon Musk wants us all to get out of his way.
Elon Musk owes America reparations for "DOGE" and helping shove Trump down our throats.
Elon Musk in no way supports free speech except for himself.
For Elon Musk free speech never has to be truthful speech.
Elon Musk always gets the last word.
He owns the media.
Question everything he says or does.
@elonmusk
BREAKING!!! We finally found something @DOGE did, besides killing millions of kids: Making sure Elon Musk and his buddies couldn't be audited.
https://t.co/4Qbo9yUUYo
Tesla sold me this Model S Plaid
HW3 sedan with Full Self-Driving Unsupervised. The sales pitch described Unsupervised FSD to be coming soon. Over three years later, hundreds of thousands of customers who bought HW3 vehicles still do not have what they paid for. Many people believe this is what it means to be Musked.
Watch @Tesla FSD v14.2 run an obvious red light.
After a decade of development , @ElonMusk’s defective self-driving software is still making basic driving errors.
FSD is nowhere near ready for unsupervised operation, it’s a dangerous scam that should be banned for public roads.
TSLA is not a stock, it’s a psyop.
In reality it’s a mismanaged car company worth about $20/share.
The other 95% is science fiction created by this racist midwit.
Elon Musk promised a lot of things by 2025
- colonists arriving on Mars
- xAI achieving AGI
- Tesla robotaxis serving half the U.S.
- completely driverless robotaxis
- a Tesla Roadster demo
- DOGE cutting trillions
none of them happened
https://t.co/QS48Xixq4D