SpaceX -- Space Exploration Technologies Corp. (Seite 8)
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Antwort auf Beitrag Nr.: 71.740.595 von faultcode am 09.06.22 00:15:51nebenbei: die Masse des Kapitals soll hier liegen, bei der D1 CAPITAL PARTNERS MASTER LP, der eigentliche Hedge fund (https://whalewisdom.com/filer/d1-capital-partners-lp#tabadv_…) und die sitzt auf den:
Cayman Islands
...
http://openleis.com/legal_entities/549300S5XH0XVYA5E608/D1-C…
siehe auch: https://sec.report/CIK/Search/D1+Capital+Partners
und der wurde dort gegründet am: 2018-06-11 -- Registration Initial Registration Date
Nebenbei: in 2022Q1 hat D1 Capital Partners seine komplette (restliche?) $TSLA-Position offenbar verkauft: https://docoh.com/company/1747057/d1-capital-partners-lp
Ansonsten fällt mir eine eher unübersichtliche Organisationsstruktur auf -- auch über diese Seite hinaus:
=> das scheint eine Spezialität von Dan Sundheim zu sein, einen recht großen "Hedge fund" als VC (Venture Capital)-Vehikel zu benutzen
Cayman Islands
...
http://openleis.com/legal_entities/549300S5XH0XVYA5E608/D1-C…
siehe auch: https://sec.report/CIK/Search/D1+Capital+Partners
und der wurde dort gegründet am: 2018-06-11 -- Registration Initial Registration Date
Nebenbei: in 2022Q1 hat D1 Capital Partners seine komplette (restliche?) $TSLA-Position offenbar verkauft: https://docoh.com/company/1747057/d1-capital-partners-lp
Ansonsten fällt mir eine eher unübersichtliche Organisationsstruktur auf -- auch über diese Seite hinaus:
=> das scheint eine Spezialität von Dan Sundheim zu sein, einen recht großen "Hedge fund" als VC (Venture Capital)-Vehikel zu benutzen
Antwort auf Beitrag Nr.: 71.740.556 von faultcode am 08.06.22 23:49:08
Dan Sundheim: https://www.linkedin.com/in/daniel-sundheim-565935124/detail…
=> also 3 Jahre lang als Associate bei Bear Stearns Merchant Banking und dann 14 Jahre bei Viking Global Investors, zuletzt als CIO bis 2017
Siehe auch: https://en.wikipedia.org/wiki/D1_Capital_Partners
=> ich sehe da in Summe schon ein paar Ungenauigkeiten/Schlampereien
Interessant: auch D1 Capital Partners hing mit drin beim GameStop short squeeze von 2021:
27.1.2021
Dan Sundheim’s $20 Billion D1 Capital Loses About 20% This Month
https://www.bnnbloomberg.ca/dan-sundheim-s-20-billion-d1-cap…
...das dann aber wieder zu 90% reingeholt:
<dieser längere Artikel ist der aufschlussreichste bislang, den ich fand>
21.4.2021
Sundheim’s D1 Shakes Off Its $4 Billion Reddit-Fueled Fiasco
https://www.bnnbloomberg.ca/dan-sundheim-s-d1-shakes-off-its…
...
Sundheim has recouped about 90% of what he lost in January when retail investors attacked his short bets on the likes of GameStop Corp. That recovery has put his D1 Capital Partners back into one of the most rapid ascents ever seen in money management.
...
He tends to take concentrated positions on both the long and short side, and he often gravitates to the intersection of technology and consumers, including Facebook Inc., Netflix Inc. and JD.com. Among peers, he’s especially active in betting on startups years before their public stock listings.
...
D1 has been able to attract so much money so quickly because of Sundheim’s previous job working at top-performing Viking Global Investors. He spent 15 years there, with the last seven as its chief investment officer managing almost half of the firm’s $30 billion in assets.“He is in a league of his own as a stock picker and portfolio manager,” his former boss Andreas Halvorsen wrote to investors when Sundheim left Viking to start D1.
...
Betting on Musk
Sundheim’s rebound coincides with a growing roster of bets on private companies. The hedge fund’s exposure to such companies initially accounted for about a third of its assets and is now closer to half. He typically focuses on those that he thinks will go public within five years.
In recent months, D1’s name has appeared in fundraising rounds for startups such as Elon Musk’s Space Exploration Technologies Corp., restaurant chain Torchy’s Tacos, Israeli software venture DriveNets Ltd. and payments platform DLocal, which began in Uruguay. Altogether, since January, he’s added 22 private companies to his portfolio. Sundheim has been especially successful in private investments he expected to go public within a year. D1 bought into cloud-computing company Snowflake, which 12 months later became one of 2020’s biggest IPOs.
A few of these private investments haven’t performed as well as hoped, mostly because Sundheim failed to spot regulatory or legal snares. In 2019, Juul Labs, the e-cigarette company popular with students, cut into fund performance by as much as 10 percentage points after teen vaping came under scrutiny with regulators. The investment has still made money for the firm, according to a person familiar with the portfolio.
...
zu Andreas Halvorsen (NOR) siehe auch: https://e24-no.translate.goog/boers-og-finans/i/GGbQMV/norsk…
D1 Capital Partners (3) -- "Betting on Musk"
Die D1-Geschichte hier kapiere ich (noch) nicht: https://d1-capital.com/about/Dan Sundheim: https://www.linkedin.com/in/daniel-sundheim-565935124/detail…
=> also 3 Jahre lang als Associate bei Bear Stearns Merchant Banking und dann 14 Jahre bei Viking Global Investors, zuletzt als CIO bis 2017
Siehe auch: https://en.wikipedia.org/wiki/D1_Capital_Partners
=> ich sehe da in Summe schon ein paar Ungenauigkeiten/Schlampereien
Interessant: auch D1 Capital Partners hing mit drin beim GameStop short squeeze von 2021:
27.1.2021
Dan Sundheim’s $20 Billion D1 Capital Loses About 20% This Month
https://www.bnnbloomberg.ca/dan-sundheim-s-20-billion-d1-cap…
...das dann aber wieder zu 90% reingeholt:
<dieser längere Artikel ist der aufschlussreichste bislang, den ich fand>
21.4.2021
Sundheim’s D1 Shakes Off Its $4 Billion Reddit-Fueled Fiasco
https://www.bnnbloomberg.ca/dan-sundheim-s-d1-shakes-off-its…
...
Sundheim has recouped about 90% of what he lost in January when retail investors attacked his short bets on the likes of GameStop Corp. That recovery has put his D1 Capital Partners back into one of the most rapid ascents ever seen in money management.
...
He tends to take concentrated positions on both the long and short side, and he often gravitates to the intersection of technology and consumers, including Facebook Inc., Netflix Inc. and JD.com. Among peers, he’s especially active in betting on startups years before their public stock listings.
...
D1 has been able to attract so much money so quickly because of Sundheim’s previous job working at top-performing Viking Global Investors. He spent 15 years there, with the last seven as its chief investment officer managing almost half of the firm’s $30 billion in assets.“He is in a league of his own as a stock picker and portfolio manager,” his former boss Andreas Halvorsen wrote to investors when Sundheim left Viking to start D1.
...
Betting on Musk
Sundheim’s rebound coincides with a growing roster of bets on private companies. The hedge fund’s exposure to such companies initially accounted for about a third of its assets and is now closer to half. He typically focuses on those that he thinks will go public within five years.
In recent months, D1’s name has appeared in fundraising rounds for startups such as Elon Musk’s Space Exploration Technologies Corp., restaurant chain Torchy’s Tacos, Israeli software venture DriveNets Ltd. and payments platform DLocal, which began in Uruguay. Altogether, since January, he’s added 22 private companies to his portfolio. Sundheim has been especially successful in private investments he expected to go public within a year. D1 bought into cloud-computing company Snowflake, which 12 months later became one of 2020’s biggest IPOs.
A few of these private investments haven’t performed as well as hoped, mostly because Sundheim failed to spot regulatory or legal snares. In 2019, Juul Labs, the e-cigarette company popular with students, cut into fund performance by as much as 10 percentage points after teen vaping came under scrutiny with regulators. The investment has still made money for the firm, according to a person familiar with the portfolio.
...
zu Andreas Halvorsen (NOR) siehe auch: https://e24-no.translate.goog/boers-og-finans/i/GGbQMV/norsk…
Antwort auf Beitrag Nr.: 71.740.409 von faultcode am 08.06.22 23:11:08
4.6.
...
D1 Capital Partners, the hedge fund firm that wagers on public and private companies, has tumbled 22.5% this year through May, according to people familiar with the matter.
The fund fell 4% last month, with its portfolio of stocks sinking 13% while its book of private investments was about flat, the people said, declining to be identified because the information isn’t public. The returns are for the fund’s biggest share class which invests half of its assets in equities and the rest in startups.
A spokesman for the New York-based firm declined to comment.
Dan Sundheim’s firm is the latest hybrid hedge fund to post disappointing returns this year amid turbulent markets. The S&P 500 Index has sunk about 13% in the first five months of 2022.
For the year, D1’s public market portfolio fell 44%, while its book of closely-held companies dropped 8%, the people said.
Hedge Fund D1 Sinks Nearly 23% This Year on Public, Private Bets
https://finance.yahoo.com/news/hedge-fund-d1-sinks-nearly-12…
D1 Capital Partners (2)
D1 Capital Partners: 4.6.
...
D1 Capital Partners, the hedge fund firm that wagers on public and private companies, has tumbled 22.5% this year through May, according to people familiar with the matter.
The fund fell 4% last month, with its portfolio of stocks sinking 13% while its book of private investments was about flat, the people said, declining to be identified because the information isn’t public. The returns are for the fund’s biggest share class which invests half of its assets in equities and the rest in startups.
A spokesman for the New York-based firm declined to comment.
Dan Sundheim’s firm is the latest hybrid hedge fund to post disappointing returns this year amid turbulent markets. The S&P 500 Index has sunk about 13% in the first five months of 2022.
For the year, D1’s public market portfolio fell 44%, while its book of closely-held companies dropped 8%, the people said.
Hedge Fund D1 Sinks Nearly 23% This Year on Public, Private Bets
https://finance.yahoo.com/news/hedge-fund-d1-sinks-nearly-12…
hat zunächst eigentlich nichts mit SpaceX direkt zu tun; aber dann: 
8.6.
Hedge Fund D1 Borrowed Billions for a Hot Bet That Now Faces Reckoning
https://www.bloomberg.com/news/articles/2022-06-08/hedge-fun…
...
While D1 will likely mark down some of the companies in its portfolio, its biggest investment, SpaceX, is expected to be marked up by about 25% after a recent funding round, according to a person with knowledge of the firm’s thinking.
When valuations turn sharply downward, private markets can take six to nine months to settle on new prices, said Ken Smythe, founder of Next Round Capital, which helps institutional investors trade such assets. One reason is that sales tend to stall after a plunge, with investors reluctant to lock in losses.
“The secondary market is in a quandary because people can’t figure out what stuff is worth right now,” Smythe said. “Buyers are demanding lower prices, making liquidity difficult for many of these names.” Sellers, meanwhile, “don’t want to accept the reality of how much less they’re worth now.”
...
It can take hedge funds months to adjust valuations on illiquid assets. During a downturn, startups may be less likely to raise money for fear of a lower valuation. And no news on that front can be a relief for fund managers, letting them leave numbers where they were.
Many funds base estimates on a mix of factors that, in addition to fundraisings, can include a private company’s latest financial reports, or comparisons to a basket of similar publicly traded companies. While managers also get valuation assistance from third parties like SS&C Technologies Holdings or Houlihan Lokey Inc., a fund generally has wide latitude in setting policies, as long as it doesn’t mislead investors.
“Could you look across various funds’ portfolios and see each marking the same asset differently? That’s a real possibility,” said Kristen VanGelder, deputy chief investment officer at Evanston Capital. More conservative methods would adjust for this year’s stock slide, she said. “Just because there hasn’t been a recent financing round there may still be reason to mark down a private holding based on what we’ve seen happen in public markets.”
Some hedge funds are looking to a practice that gained attention during the 2008 financial crisis: the use of side pockets.
Parking certain holdings in special entities that can be wound down later -- once prices stabilize -- helps to avoid fire sales. The practice came into vogue during the credit crunch when jittery investors sought to redeem hundreds of billions of dollars only to watch money mangers lower the gates on withdrawals.
That step may ultimately protect a hedge fund's backers from steeper losses -- but it has a tendency to raise alarms among other investors and ratchet up pressure on rival money managers to explain their valuations.
“The days of funds being able to claim ‘our private book is fine’ are over,” said Smythe at Next Round.
___
=> das führt dann dazu, daß wenn eine Bärenmarkt länger andauert, es immer noch zu weiteren Korrekturen nach unten kommt nach dem ersten Rutsch, so wie in den breiten US-Märkten in 2022H1 bislang, da es - siehe eben oben - immer noch genügend große Taschen gibt, die es längere Zeit geschickt vermeiden konnten die Kurse auch nach unten setzen zu müssen.
Wobei ich eben annehme - siehe eben oben - daß nicht die Bewertung das primäre Problem von SpaceX ist, sondern der offenkundig nur noch zögerliche Zustrom von Liquidität.
Natürlich ist beides irgendwie miteinander verkoppelt.
8.6.
Hedge Fund D1 Borrowed Billions for a Hot Bet That Now Faces Reckoning
https://www.bloomberg.com/news/articles/2022-06-08/hedge-fun…
...
While D1 will likely mark down some of the companies in its portfolio, its biggest investment, SpaceX, is expected to be marked up by about 25% after a recent funding round, according to a person with knowledge of the firm’s thinking.
When valuations turn sharply downward, private markets can take six to nine months to settle on new prices, said Ken Smythe, founder of Next Round Capital, which helps institutional investors trade such assets. One reason is that sales tend to stall after a plunge, with investors reluctant to lock in losses.
“The secondary market is in a quandary because people can’t figure out what stuff is worth right now,” Smythe said. “Buyers are demanding lower prices, making liquidity difficult for many of these names.” Sellers, meanwhile, “don’t want to accept the reality of how much less they’re worth now.”
...
It can take hedge funds months to adjust valuations on illiquid assets. During a downturn, startups may be less likely to raise money for fear of a lower valuation. And no news on that front can be a relief for fund managers, letting them leave numbers where they were.
Many funds base estimates on a mix of factors that, in addition to fundraisings, can include a private company’s latest financial reports, or comparisons to a basket of similar publicly traded companies. While managers also get valuation assistance from third parties like SS&C Technologies Holdings or Houlihan Lokey Inc., a fund generally has wide latitude in setting policies, as long as it doesn’t mislead investors.
“Could you look across various funds’ portfolios and see each marking the same asset differently? That’s a real possibility,” said Kristen VanGelder, deputy chief investment officer at Evanston Capital. More conservative methods would adjust for this year’s stock slide, she said. “Just because there hasn’t been a recent financing round there may still be reason to mark down a private holding based on what we’ve seen happen in public markets.”
Some hedge funds are looking to a practice that gained attention during the 2008 financial crisis: the use of side pockets.
Parking certain holdings in special entities that can be wound down later -- once prices stabilize -- helps to avoid fire sales. The practice came into vogue during the credit crunch when jittery investors sought to redeem hundreds of billions of dollars only to watch money mangers lower the gates on withdrawals.
That step may ultimately protect a hedge fund's backers from steeper losses -- but it has a tendency to raise alarms among other investors and ratchet up pressure on rival money managers to explain their valuations.
“The days of funds being able to claim ‘our private book is fine’ are over,” said Smythe at Next Round.
___
=> das führt dann dazu, daß wenn eine Bärenmarkt länger andauert, es immer noch zu weiteren Korrekturen nach unten kommt nach dem ersten Rutsch, so wie in den breiten US-Märkten in 2022H1 bislang, da es - siehe eben oben - immer noch genügend große Taschen gibt, die es längere Zeit geschickt vermeiden konnten die Kurse auch nach unten setzen zu müssen.
Wobei ich eben annehme - siehe eben oben - daß nicht die Bewertung das primäre Problem von SpaceX ist, sondern der offenkundig nur noch zögerliche Zustrom von Liquidität.
Natürlich ist beides irgendwie miteinander verkoppelt.
Antwort auf Beitrag Nr.: 71.642.463 von faultcode am 24.05.22 12:47:49Uuuuuh4
https://twitter.com/Biohazard3737/status/1529924589463158784
https://twitter.com/Biohazard3737/status/1529924589463158784
Trading Spotlight
Antwort auf Beitrag Nr.: 71.541.714 von faultcode am 11.05.22 00:34:08
...
https://www.dailymail.co.uk/news/article-10852611/China-plan…
...
https://www.dailymail.co.uk/news/article-10852611/China-plan…
Antwort auf Beitrag Nr.: 71.617.212 von faultcode am 20.05.22 07:34:36Uuuuuh3 -- nach einem richtigen Dementi hört sich das nicht an, und schadet mMn bei der Beschaffung von frischem Personal und Geld für SpaceX:
...
https://www.cnbc.com/2022/05/23/spacex-president-gwynne-shot…
=> Prognose: sollte Elon Musk mal gehen (müssen), ist auch Gwynne Shotwell rasch weg mMn
...
https://www.cnbc.com/2022/05/23/spacex-president-gwynne-shot…
=> Prognose: sollte Elon Musk mal gehen (müssen), ist auch Gwynne Shotwell rasch weg mMn
Uuuuuh2 
Last Updated: May 19, 2022 at 11:42 p.m. ET
SpaceX paid $250,000 to settle sexual misconduct claim against Elon Musk: report
Business Insider reports billionaire exposed himself to flight attendant and propositioned her
https://www.marketwatch.com/story/spacex-paid-250-000-to-set…
...
SpaceX paid a flight attendant $250,000 in 2018 to settle a sexual misconduct claim against Elon Musk, its founder and chief executive, according to a report Thursday by Business Insider.
Citing interviews with a friend of the woman and documents it obtained, Business Insider reported the woman accused Musk of exposing himself to her on a flight to London, rubbed her leg without her consent and offered to buy her a horse in exchange for an erotic massage.
Late Thursday night, Musk called the allegations “utterly untrue.”
The incident reportedly happened in 2016 during an in-flight, full-body massage for Musk, a practice apparently not unusual for the company’s executives.
The flight attendant refused his proposition, Business Insider reported, and filed a complaint with SpaceX’s human resources department in 2018, claiming her career opportunities had been hurt by her refusal and she was being retaliated against.
SpaceX took the issue to a mediator, and the woman signed a $250,000 severance agreement that included a promise not to sue nor to ever discuss the settlement or any information about Musk or his businesses, according to the report.
When asked for comment, Musk — the world’s wealthiest individual who’s also the CEO of Tesla Inc. and is in the process of buying Twitter Inc. —reportedly told Business Insider that there was “a lot more to the story” and called it a “politically motivated hit piece.”
“If I were inclined to engage in sexual harassment, this is unlikely to be the first time in my entire 30-year career that it comes to light,” Musk reportedly wrote.
The request for comment may have been the impetus for Musk to tweet on Wednesday that “Political attacks on me will escalate dramatically in coming months,” and he claimed Democrats were behind a “dirty tricks campaign against me.”
Late Thursday night, Musk tweeted: “The attacks against me should be viewed through a political lens – this is their standard (despicable) playbook – but nothing will deter me from fighting for a good future and your right to free speech.”
He later added, in another tweet: “And, for the record, those wild accusations are utterly untrue.”
While there have been a number of sexual harassment and misconduct complaints concerning the office cultures at SpaceX and Tesla, Musk himself has not been the subject of any publicly disclosed misconduct claims before.
An email to SpaceX seeking comment was not returned late Thursday.
Last Updated: May 19, 2022 at 11:42 p.m. ET
SpaceX paid $250,000 to settle sexual misconduct claim against Elon Musk: report
Business Insider reports billionaire exposed himself to flight attendant and propositioned her
https://www.marketwatch.com/story/spacex-paid-250-000-to-set…
...
SpaceX paid a flight attendant $250,000 in 2018 to settle a sexual misconduct claim against Elon Musk, its founder and chief executive, according to a report Thursday by Business Insider.
Citing interviews with a friend of the woman and documents it obtained, Business Insider reported the woman accused Musk of exposing himself to her on a flight to London, rubbed her leg without her consent and offered to buy her a horse in exchange for an erotic massage.
Late Thursday night, Musk called the allegations “utterly untrue.”
The incident reportedly happened in 2016 during an in-flight, full-body massage for Musk, a practice apparently not unusual for the company’s executives.
The flight attendant refused his proposition, Business Insider reported, and filed a complaint with SpaceX’s human resources department in 2018, claiming her career opportunities had been hurt by her refusal and she was being retaliated against.
SpaceX took the issue to a mediator, and the woman signed a $250,000 severance agreement that included a promise not to sue nor to ever discuss the settlement or any information about Musk or his businesses, according to the report.
When asked for comment, Musk — the world’s wealthiest individual who’s also the CEO of Tesla Inc. and is in the process of buying Twitter Inc. —reportedly told Business Insider that there was “a lot more to the story” and called it a “politically motivated hit piece.”
“If I were inclined to engage in sexual harassment, this is unlikely to be the first time in my entire 30-year career that it comes to light,” Musk reportedly wrote.
The request for comment may have been the impetus for Musk to tweet on Wednesday that “Political attacks on me will escalate dramatically in coming months,” and he claimed Democrats were behind a “dirty tricks campaign against me.”
Late Thursday night, Musk tweeted: “The attacks against me should be viewed through a political lens – this is their standard (despicable) playbook – but nothing will deter me from fighting for a good future and your right to free speech.”
He later added, in another tweet: “And, for the record, those wild accusations are utterly untrue.”
While there have been a number of sexual harassment and misconduct complaints concerning the office cultures at SpaceX and Tesla, Musk himself has not been the subject of any publicly disclosed misconduct claims before.
An email to SpaceX seeking comment was not returned late Thursday.
Antwort auf Beitrag Nr.: 71.597.886 von faultcode am 17.05.22 23:53:12Uuuuuh
18.5.
Elon Musk’s SpaceX tender offer getting ‘tepid’ demand: sources
https://nypost.com/2022/05/18/elon-musks-spacex-tender-offer…
...
Elon Musk is finding there is a limit to the amount of money he can raise — even from his exploration company SpaceX — after the privately-owned firm launched a funding round this week.
There is “very tepid demand” in SpaceX’s tender offer for $1.25 billion, a source with direct knowledge of the situation told The Post on Tuesday.
The Post broke the news on Monday that SpaceX was launching the tender offer, raising speculation that Musk — who owned 44 percent of the shares as of August — was selling some stock to help fund his $44 billion Twitter deal.
Musk is not believed to have ever sold stock in SpaceX and it is still not clear that he is participating in this tender offer, a second source close to the situation said.
However, if the offering was oversubscribed, SpaceX might have sold double or triple the initial $1.25 billion it is seeking, the source said.
In August 2020, SpaceX went out raising $1 billion and, after being oversubscribed, upped the amount to $1.9 billion, the source said.
But this tender offer looks like it is not going to be oversubscribed, the sources said. SpaceX still might be able to sell the $1.25 billion in shares that existing stockholders are selling, but likely not much more, sources said.
...
18.5.
Elon Musk’s SpaceX tender offer getting ‘tepid’ demand: sources
https://nypost.com/2022/05/18/elon-musks-spacex-tender-offer…
...
Elon Musk is finding there is a limit to the amount of money he can raise — even from his exploration company SpaceX — after the privately-owned firm launched a funding round this week.
There is “very tepid demand” in SpaceX’s tender offer for $1.25 billion, a source with direct knowledge of the situation told The Post on Tuesday.
The Post broke the news on Monday that SpaceX was launching the tender offer, raising speculation that Musk — who owned 44 percent of the shares as of August — was selling some stock to help fund his $44 billion Twitter deal.
Musk is not believed to have ever sold stock in SpaceX and it is still not clear that he is participating in this tender offer, a second source close to the situation said.
However, if the offering was oversubscribed, SpaceX might have sold double or triple the initial $1.25 billion it is seeking, the source said.
In August 2020, SpaceX went out raising $1 billion and, after being oversubscribed, upped the amount to $1.9 billion, the source said.
But this tender offer looks like it is not going to be oversubscribed, the sources said. SpaceX still might be able to sell the $1.25 billion in shares that existing stockholders are selling, but likely not much more, sources said.
...
17.5.
SpaceX Said in Talks to Raise Fresh Funds at $125 Billion Value
https://finance.yahoo.com/news/spacex-employees-offer-sell-s…
...
Elon Musk’s SpaceX is raising a funding round that would value the launch and satellite company at $125 billion, according to people familiar with the matter.
The funding round that’s in the works would give SpaceX the mantle of being the highest valued US startup on record, according to data from CBInsights.
This is a jump from its last valuation of $100 billion that the company reached late last year in a funding round, one of the people added, asking not to be identified because the matter is private.
Investors are in talks to buy new shares in the company at the same time that employees are offering to sell shares via a private placement at the same valuation, the people said. It’s not uncommon for secondary share sales at big private companies to be done concurrently with a regular funding round.
The shares are being offered in a so-called employee tender offer at $70 each, the people said. That compares with a split-adjusted $56-a-share during a sale in October at a valuation of about $100 billion.
It’s unclear whether Musk is selling stock as part of the employee tender, the people said. The size of the offering couldn’t immediately be determined.
SpaceX didn’t respond to requests for comment. The New York Post reported the share-placement plan earlier.
...
SpaceX Said in Talks to Raise Fresh Funds at $125 Billion Value
https://finance.yahoo.com/news/spacex-employees-offer-sell-s…
...
Elon Musk’s SpaceX is raising a funding round that would value the launch and satellite company at $125 billion, according to people familiar with the matter.
The funding round that’s in the works would give SpaceX the mantle of being the highest valued US startup on record, according to data from CBInsights.
This is a jump from its last valuation of $100 billion that the company reached late last year in a funding round, one of the people added, asking not to be identified because the matter is private.
Investors are in talks to buy new shares in the company at the same time that employees are offering to sell shares via a private placement at the same valuation, the people said. It’s not uncommon for secondary share sales at big private companies to be done concurrently with a regular funding round.
The shares are being offered in a so-called employee tender offer at $70 each, the people said. That compares with a split-adjusted $56-a-share during a sale in October at a valuation of about $100 billion.
It’s unclear whether Musk is selling stock as part of the employee tender, the people said. The size of the offering couldn’t immediately be determined.
SpaceX didn’t respond to requests for comment. The New York Post reported the share-placement plan earlier.
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