CASHING IN ON SPACEX: 'EVERY CHANCE I GET, I'LL SELL A LITTLE MORE'

Andre Lavoie, who began working for SpaceX as an engineer in 2009, is now selling portions of his company shares, according to BBC News. His decision comes as the private launch firm’s value has continued to climb, giving employees the opportunity to cash in on years of ownership.

BBC reports that Lavoie’s approach is incremental, telling reporters that "every chance I get, I’ll sell a little more." While the article does not disclose the number of shares or the sale price, it highlights Lavoie’s intent to realise the gains that have accrued since he first joined the company. The move follows a broader trend among SpaceX employees, who have accumulated equity through long‑term employment contracts.

SpaceX remains a privately held company, so shares are not publicly traded; employees must negotiate sales with the company or a limited pool of buyers, making such transactions noteworthy for those tracking the firm’s financial ecosystem.

• Andre Lavoie joined SpaceX in 2009 as an engineer and has since accumulated shares.
• He is now selling portions of those shares, stating he will continue to sell when opportunities arise.
• The WSJ article notes that some SpaceX investors have previously faced difficulties liquidating their holdings, underscoring the challenges of selling private equity.

Read the original source for full detail available at BBC News src