SpaceX investor's thread

[Cattledog]

Here's Destiny Tech100's performance. They say 34.7% of their portfolio is SpaceX. Currently at an all-time low (for its one month lifetime).

View attachment 1042758

Glad I didn't invest in that around April 8.

 

[Robertj]

Is see Starlink over 3 m users, up from 2.7m about a month ago

 

[Robertj]

https://twitter.com/x/status/1792679889272992010

Or 6,800 new customer per day or 2.5 m per annum , increasing growth at a dramatic rate or going stratospheric

 

[HVM]

https://twitter.com/x/status/1793783558609252451

"Elon Musk
SpaceX has no need for additional capital and will actually be buying back shares. We do liquidity rounds for employees and investors every ~6 months."

 

[Cattledog]

https://twitter.com/x/status/1793783558609252451

"Elon Musk
SpaceX has no need for additional capital and will actually be buying back shares. We do liquidity rounds for employees and investors every ~6 months."

Interesting. I wonder if that will be the company buying back from employees to create their payout, or buying back from the private equity investors of the last 10 years who may also be interested in a cash out.

 

[Cosmacelf]

Interesting. I wonder if that will be the company buying back from employees to create their payout, or buying back from the private equity investors of the last 10 years who may also be interested in a cash out.

Probably both. Why wouldn’t it?

 

[Cattledog]

Probably both. Why wouldn’t it?

As a SpaceX investor, I hope so. Creates a tool in the toolbelt that did not exist up to now if non-employee investors have an avenue to liquidation. In my case, it would likely be partial - sell 10% of my SpaceX holdings - but it would be welcome.

 

[Cosmacelf]

As a SpaceX investor, I hope so. Creates a tool in the toolbelt that did not exist up to now if non-employee investors have an avenue to liquidation. In my case, it would likely be partial - sell 10% of my SpaceX holdings - but it would be welcome.

Presumably you invested via a SPV, so the SPV would have to facilitate the sale. I don’t think many SPVs would get off their tushes and do that very often, if at all.

 

[Cattledog]

I guess I originally missed what was the subject of Elon's Xweet - rumor of another round valued at $200B, $108-$110/share.

https://www.reuters.com/markets/deals/spacex-mulling-tender-offer-200-bln-valuation-bloomberg-news-reports-2024-05-23/

 

[Buckminster]

Prepping for Starlink IPO?

https://twitter.com/x/status/1799621606744162548

 

[Cattledog]

Prepping for Starlink IPO?

https://twitter.com/x/status/1799621606744162548

Would be nice - I'm not sure what the trigger would be to say 'go'. Would it be the ability to create a big bundle of cash (as opposed to Starlink creating consistent, small monthly bundles of cash) to fuel continual development of Starship? A less restricted way to free up access to cash for SpaceX employees than bi-annual private equity sales? Other? All?

 

[Cosmacelf]

Would be nice - I'm not sure what the trigger would be to say 'go'. Would it be the ability to create a big bundle of cash (as opposed to Starlink creating consistent, small monthly bundles of cash) to fuel continual development of Starship? A less restricted way to free up access to cash for SpaceX employees than bi-annual private equity sales? Other? All?

When the expected IPO proceeds exceed the IRR of expected Starlink profits.