SpaceX offer

May 2, 2019 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?

comments

Want to comment? LOG IN or SIGN UP
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, 2019 4
    • New / Eng QTdN03
      Nothing like starting a working relationship with recruiter lies.
      May 2, 2019
    • SpaceX uevh5
      Not lies per-se, just gross overstatements - Elon Musk style. The job itself would be interesting and challenging.
      May 3, 2019
  • BYTON / Consultant
    makaveli7

    BYTON Consultant

    PRE
    Republic
    makaveli7more
    I wouldn’t take it
    May 2, 2019 3
    • BYTON / Consultant
      makaveli7

      BYTON Consultant

      PRE
      Republic
      makaveli7more
      Exactly that and he’s known for blood sacrifices
      May 2, 2019
    • BYTON / Consultant
      makaveli7

      BYTON Consultant

      PRE
      Republic
      makaveli7more
      As in layoffs*
      May 2, 2019
  • 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, 2019 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, 2019
    • SpaceX SlaveX420
      Buy backs used to be twice a year but has dropped to less than once a year.
      May 4, 2019
  • Intel wlny72
    OP
    I tried a bit, didn't push. Have another better offer from FAANG to decide on.
    May 20, 2019 0
  • SpaceX SlaveX420
    You can negotiate a small sign on bonus at best.
    May 4, 2019 0
  • Uber mgjskfm
    Tell us about 5G mind control
    May 2, 2019 0

Salary
Comparison

    Real time salary information from verified employees