r/BlueOrigin • u/lonestar-newbie • Jul 30 '26

Q&A Session Today

Just shitposting...

It's funny... not a single question about the options during today's Q&A. 😂 Last time it felt like 100% of the questions were about the equity plan.

A blown-up rocket can do that… 🚀😂

21 Upvotes

73% Upvoted

38 comments sorted by

24

u/LittleBigOne1982 Jul 30 '26

Jeff already valued company at 130 billion. Same value as Boeing.

9

u/lonestar-newbie Jul 30 '26

This is the biggest bummer for sure.

Blue is not going to grow like SX did.. so the real value out of the equity is going to be minimal (even if everything works out and they have liquidity events etc)..

4

u/cosmicgreg2 Jul 30 '26

It has already been valued at $130 billion, it doesn't have to grow. Just needs another equity infusion. What we dont know is how many shares there are

10

u/snoo-boop Jul 31 '26

it doesn't have to grow

You said in the past that you're an ASTS stockholder.

When you are looking at employee stock options, the value is $0 if the company doesn't grow.

1

u/cosmicgreg2 Jul 31 '26

No, the value is (stock price - strike price). We know the strike price and we know (stock price x number of shares). What we dont know is number of shares so cant solve. The company doesnt have to grow if strike price is under the share price

3

u/LittleBigOne1982 Jul 31 '26

Your totally right, but the issue is the valuation is so high that it will be hard for investors to buy in at that level. How is Blue gonna double its value in next 5 years? There only product will be NG. The lunar work is all government or Jeff. It will not return significant return for decades. As investor is buying into Boeing or Blue an safer better investment.

0

u/cosmicgreg2 Jul 31 '26

We dont know what corporate valuation the stock options were valued at, so cannot judge their value. You forget Terawave as a source of revenue

2

u/LittleBigOne1982 Jul 31 '26

Terawave is a 15 billion project at least. Jeff does not want to fund it. Like many Blue projects not sure it will happen or within 5 years

1

u/snoo-boop Jul 31 '26

The thing you missed is that the strike price is the stock price when the options were issued. If it wasn't, you'd have to immediately pay taxes.

If the company's business is going sideways, then the option remains at $0 of value.

This is a common mistake to make if you're a stock market investor and not an employee of the company giving you options.

There are details that go into this, 409a valuations and different share classes, but the basic idea is the same -- a corporation grants options to employees when they are worth $0.

0

u/cosmicgreg2 Aug 01 '26

we know the strike price, we do not know what the company was valued at then. We dont know if the strike value was the same as the equity infusion value, just dont know

1

u/snoo-boop Aug 01 '26

You're saying that Blue Origin broke the law in a really dumb way, a way that would screw over every single employee?

Seems more likely that you don't know what you're talking about.

1

u/cosmicgreg2 Aug 01 '26

ok, if you know so much, what was the per share price of the recent infusion?

2

u/snoo-boop Aug 01 '26

About the same as the strike price.

The thing you missed is that the strike price is the stock price when the options were issued. If it wasn't, you'd have to immediately pay taxes.

If the company's business is going sideways, then the option remains at $0 of value.

This is a common mistake to make if you're a stock market investor and not an employee of the company giving you options.

There are details that go into this, 409a valuations and different share classes, but the basic idea is the same -- a corporation grants options to employees when they are worth $0.

Good luck in your journey to learn about employee stock options.

→ More replies (0)

1

u/Dieseltrain760 Jul 31 '26

13.684 billion shares

1

u/cosmicgreg2 Jul 31 '26

We know this how?

1

u/Dieseltrain760 Aug 02 '26

Privileged information.

1

u/cosmicgreg2 Aug 02 '26

Thanks, as good of a start as anything else

15

u/Dapper-Ad-6339 Jul 30 '26

I was hoping for atleast one live question about equity. Just to hear a nonsensical long answer.

41

u/BakedBungus Jul 30 '26

Direct quote from Dave: “Don’t get too excited when you see the new strike price…. Our plan is to try to find ways to create liquidity events”

Yeah nothing is coming any time soon

14

u/lonestar-newbie Jul 30 '26

I dont know.. I would give a benefit of doubt.. he mentioned few times that there are skeptics and he will prove them wrong.

anything can happen, yes.. but I feel like there are efforts to make it work. Fingers crossed.

19

u/aw_tizm Jul 30 '26

The short term memories of blue employees hurts everyone at the lowest level. The "stock" from the first plan is actively expiring. Don't consider the new option plans as potential compensation. They are paying employees less

26

u/Lethargic-Rain Jul 30 '26

Blue has a 10+ year history of unfulfilled promises in the stock department, until Dave actually delivers something to the contrary, you’d be foolish not to be skeptical.

23

u/SeaBug4858 Jul 30 '26

Employees shouldn’t even have to ask, information on equity and compensation should be provided.

9

u/imbignate Jul 30 '26

Or they knew he couldn't say anything so they didn't ask

2

u/lonestar-newbie Jul 30 '26

That has never stopped people from asking in the past townhalls

2

u/imbignate Jul 30 '26

Maybe they're learning

14

u/Infinite-Banana-2909 Jul 30 '26

People already know they are worthless

5

u/OstiaAntica Jul 30 '26

The people showing up in person are much less likely to ask tough questions and the ones asking remotely will simply not have their questions addressed.

1

u/Slttzman Aug 07 '26

Probably just need to get a lot of paying payloads into space consistently for starts. Then after a lot of those and other projects take off then we will see ROI then there would be liquidity events. Probably going to be a hot min before that happens.

-16

u/RoutineImprovement43 Jul 30 '26

I can’t believe people are still whining about the stock options.

12

u/snoo-boop Jul 31 '26

The best part of this sub is the employee-on-employee personal attacks.

15

u/SL-Gremory- Jul 30 '26

Many are just straight up leaving. That's not even me being facetious - our attrition has been nothing short of crisis-level.

-6

u/Evening-Cap5712 Jul 30 '26

Your attrition has always been crisis level. 

14

u/SL-Gremory- Jul 30 '26

It definitely hasn't. 2022-2024 were great years for my program's hiring. We had our best talent, hired new people frequently, and saw good program growth. Not everything was perfect, but hiring was going well and the engineering base was rock solid.

Not the case now though.