SpaceX · Elon Musk · BBC Technology
Andre Lavoie joined SpaceX in 2009 as an engineer, designing the pressure tanks that help power its rocket
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Andre Lavoie joined SpaceX in 2009 as an engineer, designing the pressure tanks that help power its rocket.
Key facts
- SpaceX shares fell 13.6% on Wednesday to $108.27 (£80.44)
- well below the initial listing price of $135 a share
- In its first results as a public company this week, the firm's quarterly revenue was shown to have nearly doubled to $7.8bn (£5.8bn) from a year earlier, while its spending ballooned to $18.3bn
- SpaceX, he adds, has cut the cost of reaching orbit from around $10,000-$20,000 a kilogram to about $2,000 with its Falcon 9 rocket
- They have built a railroad to space
- Some 17 years on, those 200,000 shares he was given are worth about $23m (£17m)
- and the 63-year-old says he's ready to start cashing them as soon as he
Summary
Some 17 years on, those 200,000 shares he was given are worth about $23m (£17m) - and the 63-year-old says he's ready to start cashing them as soon as he can. "Every chance I get going forward, I'll sell a little bit more," he tells the BBC. "The shares have been going up so radically it keeps messing up their life plans - you can't know the future, so it's better to sell early and in intervals. Lavoie is far from being the only one who has seen the value of his stake in SpaceX rocket over the years.