Elon Musk-led SpaceX filed an amended version of its S-1 filing with the Securities and Exchange Commission (SEC) ahead of the upcoming IPO scheduled to take place later this month.
Here’s What The Amended SpaceX Filing Says
In a filing on Monday, SpaceX updated certain terms as it gears up for its blockbuster IPO. The commercial spaceflight giant outlined that it could issue a “significant amount of equity in connection with future transactions,” which, investor Gary Black of The Future Fund LLC said, could signal a possible merger with Tesla Inc. (NASDAQ:TSLA).
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Notably, any mergers or acquisitions of Tesla could render the operational milestones stipulated in Musk’s $1 trillion pay package obsolete, with the compensation award solely depending on the market capitalization of the EV giant.
