SX investor here: the combined value of SX is well up on the private secondary market post-acquisition. It was value accretive, in very real dollar terms.
What sort of liquidity is there? The other question I have is Elon is looking into nasdaq listing with passive funds buying from get go to keep the buying pressure on a low float. Any risk that's not seen?
For reference, I've been asked in the last month for a $500mm chunk of stock to a single buyer at or (slightly) above the combination price. At that price, there is no liquidity - it's below ask.
Thank you. I recently saw a bunch of (mostly) engineers join just before ipo, and at 1.7T valuation it makes you really think how much market will take it.
I never bet against Elon, and admire a lot about him, so not certainly a dig against him, just seeing what happened to figma (combined with software + ai down market) makes me really curious
Otherwise, it's an amazing chance to work directly with Elon for sure