SpaceX offer

Intel wlny72
May 2 15 Comments

Was part of 5G modem product team. Received the offer for Sr Engineer position from SpaceX. 4 YOE after PhD.
Redmond office. 145k base + 250k company equity. Was told 30-60k bonus every year based on performance. Of course no 401k match at SpaceX.

Current TC in Oregon ~180k with cash bonus plus RSU/years for vesting.

Thoughts ? Can I negotiate?

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TOP 15 Comments
  • SpaceX uevh5
    Take it, it couldn't be worse than Intel.

    The stock steadily increases in value, but don't count on annual bonuses, these are part of the false advertising.
    May 2 4
    • Intel wlny72
      OP
      False advertising? So there are only raises and no performance bonuses ?
      May 2
    • SpaceX uevh5
      Raises are 1-2%. The bonuses are nothing like the number you quoted and are not guaranteed at all. Don't get me wrong - it's a good offer (for SpaceX) but you shouldn't count on bonuses
      May 2
    • New / Eng QTdN03
      Nothing like starting a working relationship with recruiter lies.
      May 2
    • SpaceX uevh5
      Not lies per-se, just gross overstatements - Elon Musk style. The job itself would be interesting and challenging.
      May 3
  • BYTON / Consultant
    makaveli7

    BYTON Consultant

    PRE
    Republic
    makaveli7more
    I wouldn’t take it
    May 2 3
    • Intel wlny72
      OP
      Reasons ? I know WLB is quite challenging.
      May 2
    • BYTON / Consultant
      makaveli7

      BYTON Consultant

      PRE
      Republic
      makaveli7more
      Exactly that and he’s known for blood sacrifices
      May 2
    • BYTON / Consultant
      makaveli7

      BYTON Consultant

      PRE
      Republic
      makaveli7more
      As in layoffs*
      May 2
  • Microsoft / Product Gapque
    Personally, I feel that equity will go a long way. Do they refresh stock annually or some other cadence? Would be good to see how you can get more equity in the future. Base is a little low but I think you join for the experience and the equity.
    May 2 2
    • Intel wlny72
      OP
      They do buybacks twice a year typically. More equity is through performance bonuses and through SPP (15% at a discount).
      May 2
    • SpaceX SlaveX420
      Buy backs used to be twice a year but has dropped to less than once a year.
      May 4
  • Intel wlny72
    OP
    I tried a bit, didn't push. Have another better offer from FAANG to decide on.
    May 20 0
  • SpaceX SlaveX420
    You can negotiate a small sign on bonus at best.
    May 4 0
  • Uber mgjskfm
    Tell us about 5G mind control
    May 2 0

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