May 7, 2025
Science

It was alleged that SpaceX, which gave shares to its employees, prevented the sale of shares in certain cases.

  • March 17, 2024
  • 0

To his employees companies that issue sharesWith this approach, they both add great talent to their staff and ensure that employee satisfaction remains at the highest level as

To his employees companies that issue sharesWith this approach, they both add great talent to their staff and ensure that employee satisfaction remains at the highest level as they grow. We know that there are companies that follow unconventional methods to insure themselves in this field.

But SpaceX We didn’t expect to encounter this at these companies. According to leaked documents reviewed by TechCrunch, SpaceX offers some rather strange-sounding terms in the agreements it makes with its employees. These even include preventing the sale of shares given to employees.

Because it is a private company, the decision-making authority remains with SpaceX.

In any of these circumstances SpaceX, says that if an employee leaves the job for any reason, the employee has the right to purchase the shares earned over the next six months. In addition, if SpaceX determines that a former or current employee has engaged in deceptive conduct toward the company or if such employees have violated company policies, they may not be required to sell shares. has the right to prevent this also states.

If the employee wants to sell his stock at this point, he wants SpaceX to go public. had to wait. Because SpaceX is a private company, shares cannot be sold without the company’s permission. The company obviously has no such plans yet. But employees must pay taxes on the shares they own. A former SpaceX employee claims that many employees are currently victims of “deceptive behavior” when signing contracts. that you were not aware say.

The strangest thing is, SpaceX, stated that employees who are laid off for specific reasons are entitled to receive their shares at $0 per share. Yes, zero dollars (about 0 TL for the curious).

Risk factors were also found in the documents. The company’s founder, Elon Musk, was considered a liability.

The files include risks such as seismic activity at the location where the company is located. Except that Elon Musk and other companies attracting significant media attention will have a good or bad effect on the company.

SpaceX organizes an event twice a year where employees can sell shares. This way, employees can convert their assets into cash.

It is nothing new that employees of private companies cannot sell stock without the company’s permission. But the salient point here is SpaceX In addition, there must be other conditions that it offers. It is also claimed that TechCrunch is constantly turning the spotlight on Elon Musk and targeting the famous billionaire. What do you think?

Source: Web Tekno

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