AI & Tech
SpaceX Paid Vendor in Shares at $420 Strike Price, 409A Valuation Shows Musk Obsession
My First Million
The most simplified breakdown of the SpaceX IPO on the internet
What was said
"They did a project where they paid a vendor in shares and the strike price of the shares was like $4.20. I think it was like $42.20 or something like that. And then I think that when they did like a 409A valuation for Twitter, it was like I'm screwing up the exact numbers, but I think if it was $42 billion, they made it like $42 billion, like 420. And like, if you do like a Ctrl+F 420, it's all, it's everywhere."
Analysis of SpaceX's S-1 filing revealed that the company repeatedly embedded the number 420 into vendor payments, share strike prices, and valuations, including Twitter's 409A. The hosts characterized this as Musk's "most tryhard" quality, questioning whether it represents a marijuana reference or an attempt to appear relatable.
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- Programme
- My First Million
- Episode
- The most simplified breakdown of the SpaceX IPO on the internet
- Clip time
- 41:32
- Original source
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My First Million