Early workers received thousands of stock options through compensation packages
SpaceX shares are being unlocked Thursday, a development that could have a significant effect on some of the company’s early employees.
Those employees received thousands of stock options as part of their compensation packages, according to a BBC News video report. The value of those options could give some of them a substantial financial gain as the shares become available.
The BBC’s Samira Hussain explains how employees are making plans around the potential proceeds. The report focuses on the choices facing workers who acquired the options during their time at SpaceX.
The report describes the possible outcome as a massive windfall for some early employees. It does not identify the employees in the available text.
The BBC also directs readers to the story of one former employee who is renovating a brewery in Italy. The reference illustrates one possible use of the money for someone who previously worked at SpaceX, without providing further details about that employee or the brewery.
For early workers holding thousands of options, Thursday’s event could turn part of their compensation into a large financial opportunity.