News Summary

Internal documents from SpaceX have revealed the exclusive stock deals offered to select investors such as Andreessen Horowitz (a16z), Gigafund, Aliya Capital Partners, and others. These documents provide insights into the tender offers allowing employees to sell shares to company-authorized outside investors at significant discounts compared to primary rounds. In May 2022, employees could sell shares at $70 each, a stark contrast to the $270 per share during the primary sale. Notably, a handful of investors, including a16z and Gigafund, were authorized buyers, all of whom share historical ties or vocal support for SpaceX founder Elon Musk. The revealed deals highlight secondary share transactions as one of the few avenues for SpaceX employees to monetize shares, given the uncertainty of the company’s public offering plans.