← Back to context

Comment by lesuorac

16 days ago

As pointed out by somebody else [1]; Operational Milestones are waived if SpaceX buys Telsa.

[1]: https://news.ycombinator.com/user?id=antasvara

3 comments

lesuorac

Reply
s1artibartfast  16 days ago

Thats not what it says. My understanding is SpaceX milestones stay intact.

For Tesla ops milestones they would be waived, this is fine because accusition is a chance for Tesla shareholders to cash out at that price.

  • lesuorac  15 days ago

    We're talking about his Tesla grant so SpaceX's grant is irrelevant.

    The text written in the link you did not read, states "Notwithstanding Sections I, II and III above, in the event of a Change in Control, the Operational Milestones shall be disregarded".