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SpaceX saleTechCrunch
•Business
Business & Economics
80% Informative
SpaceX sometimes allows employees to sell some of their shares to company-authorized outside investors.
In a tender offer, investors paid $ 70 per share to employees, documents show.
This is an enormous bargain compared to the share prices investors pay when investing in primary rounds.
Investors who buy into primary rounds typically buy preferred stock that entitles them to liquidation preferences.
They are the first to be paid their investment back if SpaceX ever sells itself.
Aliya chipped in $360 million when Musk bought Twitter in 2022 for $44 billion .
Aliya has stakes in many prized startups like Figure AI, Impossible Foods , and Anduril.
Gigafund , whose co-founder is a SpaceX board member, was allocated over 1.4 million shares at a cost of nearly $100 million .
This is a fund associated with Myspace founder Josh Berman 's Troy Capital Partners .
Troy has been a backer since SpaceX’s Series J round in 2019 .
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