$50m - $200m expected.http://qz.com/194164/heres-another-thing-billionaire-elon-musks-spacex-is-looking-to-launch-a-new-funding-round/
Quote from: docmordrid on 04/02/2014 06:22 pm$50m - $200m expected.http://qz.com/194164/heres-another-thing-billionaire-elon-musks-spacex-is-looking-to-launch-a-new-funding-round/This sounds more in line with employee stock buy-back then true new funding. If I remember right the previous rounds were in the 50-200m range. This is a really small amount looking at some of the projects they are gearing up to do.
I wonder who sets the share value of a non-public traded stock.
valuation (which is usually set by an internal committee using market proxies and other factors)
Is there any way WE (the small investor) (20-100K) can invest in SpaceX?
I think that's "or", not "and". There are 8 separate qualifying situations listed; and the trransition from #7 to #8 is "or". $1M assets is #6; $200K income is #7.
Quote from: mheney on 04/08/2014 04:51 pmI think that's "or", not "and". There are 8 separate qualifying situations listed; and the trransition from #7 to #8 is "or". $1M assets is #6; $200K income is #7.So I cant sell part of my business to a person that does not fulfill those criteria? Odd...
Quote from: Elmar Moelzer on 04/08/2014 05:28 pmQuote from: mheney on 04/08/2014 04:51 pmI think that's "or", not "and". There are 8 separate qualifying situations listed; and the trransition from #7 to #8 is "or". $1M assets is #6; $200K income is #7.So I cant sell part of my business to a person that does not fulfill those criteria? Odd...No, that's not what the regulation says. I'd paraphrase the section above as "IF your offering is large enough that it requires that you register your securities with the SEC, AND your shares are not traded publicly, THEN your buyers must meet the "accredited investor" criteria."There are many other exemptions to SEC registration / oversight - which you can find by clicking on the links under the URL listed above. So if you have a lawn service company valued at $150K, yes, you can sell a stake in it to the guy you met at the bar without involving the SEC.
No, that's not what the regulation says. I'd paraphrase the section above as "IF your offering is large enough that it requires that you register your securities with the SEC, AND your shares are not traded publicly, THEN your buyers must meet the "accredited investor" criteria."
Quote from: mheney on 04/08/2014 05:53 pmNo, that's not what the regulation says. I'd paraphrase the section above as "IF your offering is large enough that it requires that you register your securities with the SEC, AND your shares are not traded publicly, THEN your buyers must meet the "accredited investor" criteria."That's seems to be about companies selling shares in themselves, not about shareholders selling shares they own. A private citizen can presumably sell any SpaceX shares they own to whomever they want (subject to any contractual restrictions they accepted on buying the shares or pre-emption rights etc)?
“Restricted securities” are previously-issued securities held by security holders that are not freely tradable because the sale transaction from the issuer to the security holders was a private transaction. After such a private transaction, the security holders can only resell the securities into the market by using an “effective” registration statement under the Securities Act or a valid exemption from the registration requirements of the Securities Act for the resale, such as Rule 144 under the Securities Act.If holders of restricted securities want to resell using an effective registration statement, the issuing company can provide a registration statement for them to make sales in a public offering by following the process discussed above for registering a public offering of securities.Alternatively, a holder of restricted securities can resell using an exemption. For example, Securities Act Rule 144 provides an exemption that permits the resale of restricted securities if a number of conditions are met, including holding the securities for six months or one year, depending on whether the issuer has been filing reports under the Exchange Act. Rule 144 may limit the amount of securities that can be sold at one time and may restrict the manner of sale, depending on whether the security holder is an affiliate. An affiliate of a company is a person that, directly, or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, the company.
A private citizen can presumably sell any SpaceX shares they own to whomever they want (subject to any contractual restrictions they accepted on buying the shares or pre-emption rights etc)?
