SpaceX Prevents Employees from Selling Shares

To its employees companies that issue sharesWith this method, they both add great talents 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 ensure themselves in this regard.

But SpaceX We did not expect to see it among these companies. According to leaked documents reviewed by TechCrunch, SpaceX offers rather strange-sounding terms in the agreements it signs with its employees. These even include preventing the sale of shares given to employees.

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

In one of these conditions SpaceX, says that when an employee leaves the job for any reason, the employee has the right to purchase the shares earned during the next 6 months. Additionally, if SpaceX determines that a former or current employee has engaged in deceptive behavior against the company or if such employees have violated company policies, they may not be required to sell shares. has the right to prevent also states.

At this point, if the employee wants to sell his shares, he wants SpaceX to go public. have to wait. Because SpaceX is a private company, shares cannot be sold without company permission. Of course, the company has no such plans yet. But employees have to pay taxes on the shares they hold. A former SpaceX employee says many employees are currently being subjected to “deceptive conduct” when signing contracts. that you were not informed says.

The weirdest part is, SpaceX, stated that employees who are fired for specific reasons have the right to receive their shares at $0 per share. Yes, zero dollars (about 0 TL for those curious).

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

Among the files, risks such as seismic activity where the company is located are mentioned. Except that Elon Musk and other companies attracting significant media attention will have a good or bad effect on the company.

SpaceX holds an event that allows employees to sell shares twice a year. In this way, employees can convert their holdings into cash.

It is nothing new that employees of private companies cannot sell shares without company permission. But the striking point here is SpaceX In addition, there must be other conditions it offers. It is also claimed that TechCrunch constantly shines the spotlight on Elon Musk and targets the famous billionaire. What are you thinking?