Received an email yesterday from StartEngine.
Email indicated they were going to have some upcoming shares of SpaceX to offer.
Asking for those interested to reserve in advance.
I assume this is where SpaceX employees are are selling their stock.
I think they are asking $100/share. Saw some articles where employees sold some shares last year at $70/share.
I wonder if Musk is selling a significant amount to fund X?
Has anyone looked into this?
Last edited by Charles Prestridge; 08-01-2023 at 11:36 AM.
I haven't heard of it. But you have to be an accredited investor. If you are, then we should be asking you about it
Thanos was the hero
I signed up a few years ago when looking at Boxable. I never pulled the trigger due to their high valuations.
Value of 401K helped me classify as accredited, I guess.
I was surprised to see the SpaceX offer pop up.
StartEngine is easy, but you have to be mindful of what you invest in. I just invested in MyRadar (ACME Atronomatic), which has already reached full funding of $1.1 million in the first week. I also invested in StartEngine itself. I didn't do the Owners Club bonus, just investing in the companies I actually want...
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I just checked on the SpaceX reservation offer on StartEngine and it is NOT investing in SpaceX directly. You would be buying shares in SpaceX Series LLC, which may directly or indirectly own shares of SpaceX. Basically, you would be buying into an investment group that would be buying SpaceX shares, although, they could have another entity purchase SpaceX shares, at least from what I'm reading in the offer.
Very important paragraph in italics that explains this.
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
I hope it's legit, but I'm just not seeing anything about it in the Tesla, SpaceX, Musk social media world. I think SpaceX did a round of funding recently.
I would think that if SpaceX was going to use startengine, then that might mean the private funds have dried up and they're looking for the last bit of private funding before going public. But thats just a poor guess pull out my azz.
Thanos was the hero
https://www.businessinsider.in/scien...w/73702793.cms
This article “appears” to provide info about how employees can sell stock.
This is why I think (no knowledge) shares sold thru StartEngine are thru an LLC (indirect purchase). SpaceX stills wants to control who owns shares and how they are sold.
Interesting info about their internal stock market.
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