Internal SpaceX Documents Show The Sweet Stock Deals Offered To Investors Like A16z, Gigafund...

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Like many highly valued startups, SpaceX sometimes allows its employees to cash out some of their shares by selling to company-authorized outside investors.

TechCrunch has gotten a peek at an internal SpaceX document about such a tender offer from May 2022. Musk posted on X last month that SpaceX holds such sales for employees about every 6 months.

In this offer, investors paid $70 per share to employees, the document shows. That's an enormous bargain compared to the share prices investors pay when investing in primary rounds — where the company sells the shares directly to raise capital.

During the primary sale in 2022, shares went for $270. (SpaceX hasn't sold shares in a primary round at a $70 price since its Series G went for $77.46 per share, the documents say. That was back in 2015, according to PitchBook.)

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