When you do a private tender offer like this, either the company or the new investors purchase common stock from employees. It's possible Stripe is issuing some preferred shares to investors as part of the transaction, but that is being offset by it acquiring common stock from employees (eg: issue 100 preferred, buy back 100 common. Net result: 0 dilution to the cap table).
If they are swapping common out for preferred, and I don’t know that they are, the functional result is dilution even if the number of shares stays the same.
That's not true. Dilution is based on the number of shares, not the price.
Common vs preferred stock only matters in the event of same or liquidation if a company - preferred is paid out first. At IPO, both kinds of shares convert into the same public class of stock (with the rare exception of founders creating a special class of shares for increased voting power).
They do both typically convert to the same class at IPO, but preferred often has a conversion ratio — that is, it isn’t always 1:1, the way common is.
Functionally dilution should be considered in the full context of the financial outcome unless we are talking about voting rights and I wasn’t. For small shareholders the only real value of stock is money. If it is worth less money then its value has been diluted.
this is probably closer to the truth that you might have imagined :) that at that most of the $1T+ ACH transfers that happen daily in the US banking system happen over plaintext files and SFTP (source: I've written one of these files)
Don't know why people are downvoting. This is SOP at Amazon. You want to blame me for Amazon's reputation? You want to blame cnbc? What the fuck, fuckers.
does anyone know why they can't use the falcon heavy for these launches and launch more satellites in one go ? It says falcon 9 carries 60 satellites per launch and I'm guessing some of the limitations are due to cargo weight limits on the falcon 9 ?
A single Falcon 9 can carry 37,000lbs to low earth orbit. Falcon Heavy carries roughly twice that mass. Each starlink satellite weighs 500lbs. A single Falcon 9 can carry the weight of 70 or so satellites. However they can only fit like ~60 in the fairing which is the same one they use for Falcon Heavy. Falcon Heavy makes more sense when you need to get similar masses to farther locations (Geostationary, Moon, Mars) or denser payloads to low earth orbit.
Interesting. I assumed that they would develop a bigger fairing but I guess they did the match and figured out the optimal size based on demand for payload size/weight
this is tangential to the problem https://www.ganaz.com/ is solving I believe. Labor for industries like cruise ships (~400k), cargo ships (1.1M), dairy etc is still organized and managed very manually. You could foresee an opportunity to build a Gusto or Salesforce for these industries with a decent TAM.
For a direct flight, you're looking at about a ~10hr flight (~5620KM's). For that range, you're looking at anywhere between 10-15k/hour average price (eg: G-IV, G-650 type planes). In reality the price is higher because if you're paying for just one way, then you have to pay the same hourly rate for the plane to fly back to Colorado. If you're paying round trip, then you have to pay daily parking charges + crew fee, which adds up quickly.
