SpaceX Insider Cashes Out: 'I Sell a Bit Whenever I Can'
Andre Lavoie, who came aboard SpaceX in 2009 as an engineer, is now steadily selling off his stake in the rocket maker. With each opportunity, he trims a little more, taking advant…
Andre Lavoie, who came aboard SpaceX in 2009
Andre Lavoie, who came aboard SpaceX in 2009 as an engineer, is now steadily selling off his stake in the rocket maker. With each opportunity, he trims a little more, taking advantage of the company's soaring valuation.
Lavoie's journey with SpaceX mirrors the firm's meteoric rise from a scrappy startup to the world's most valuable private space venture. He joined when the company was still fighting for its first contracts, and today he watches his equity multiply as SpaceX dominates launch markets and expands into satellite internet.
"Every chance I get, I'll sell a little more," Lavoie said, describing his strategy of gradual divestment. He is part of a wave of early employees who are cashing in as SpaceX allows secondary share sales, a practice that has become a key liquidity event for insiders.
The decision to sell, rather than hold for
The decision to sell, rather than hold for a future IPO, reflects a pragmatic view of the company's trajectory. While SpaceX continues to break records, Lavoie prefers to lock in gains now, diversifying his wealth rather than betting everything on one venture.
His approach highlights a broader trend among tech employees who have seen their paper fortunes balloon. For Lavoie, the sell-off is not about doubt in SpaceX but about seizing the moment—turning years of hard work into tangible financial security.
As the company prepares for even larger Starship missions and expands its Starlink network, insiders like Lavoie are making calculated choices. Their moves offer a glimpse into the private market dynamics that increasingly shape the space industry's financial landscape.