this post was submitted on 15 Mar 2024
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Isn't that market manipulation and anyway completely illegal to force buy back stock at 0$ ?? If I force you to sell me your house for 0$, whatever if it's in a contract, that would be illegal in Europe. 1€ would be fine tho.
€1 would not be ok in Ireland, there is a rule about under value sales to stop people selling their assets to spouses when they go bankrupt.
SpaceX isn't public, this is an internal stock system used for employee rewards. Like bonuses, but kinda more arbitrary and more gambly