this post was submitted on 18 Jul 2026
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[–] wewbull@feddit.uk 0 points 1 day ago (1 children)

Is that going to be 20% of stock held by each employee can be sold, or 20% of employees can sell their stock?

If it's the latter then yes, I can see them cashing out and leaving.

[–] Folstar@lemmus.org 2 points 1 day ago (2 children)

20% of all stocks, specifically those held by employees.

[–] wewbull@feddit.uk 1 points 23 hours ago

That doesn't make sense so I went and looked it up.

According to the S-1 filing of SpaceX, shareholders (which include employees with stock) can sell up to 20% of their stock starting on the second full day of trading after the company releases its first earnings report.

So each employee can sell 20% of their stock (probably options, but since they've had an "Employee Share Purchase Plan" (ESPP) some will hold actual shares). If 80% of someone's holdings are dependent on them staying at SpaceX I doubt many will leave after selling 20%.

[–] SaveTheTuaHawk@lemmy.ca 1 points 1 day ago

Who would be crazy not to dump