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[quote=Anonymous][quote=Anonymous]DH has a senior leadership position with SpaceX and worked there since January 2021. He has been granted 235,000 shares total since starting and is fully vested in 75,000 of those shares which are now worth a little over $12 million!! Awesome day for our family.

Curious to hear what others have experienced either as an employee or early investor?[/quote]

I would sell as soon as your DH’s lock-up period is over. SPCX’s valuation is disconnected from reality. Here is just one example why:

Nvidia has 85% annual revenue growth and its price-to-sales multiple is 14x. SpaceX only has 15% revenue growth, but wanted a price-to-sales multiple approaching 100x (at the IPO price of $135). Think about that hard. SpaceX wants to be valued at a price-to-sales ratio 700% higher than Nvidia who is making gobs and gobs of money.

Here’s another example:

The terrafab that Elon wants to build is going to be 100 million square feet. The industry standard for semiconductor manufacturing is that equipment that fills such a building adds about $20K of cost per square ft so we’re talking a $2 Trillion capital requirement. Where does that money come from? The shareholders (which we all are either directly or indirectly through index funds). If they proceed with these plans SpaceX willneed to come back to the kitty over and over for the next 10 years for new $50-100B in handouts.

Just my two cents [/quote]

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