, 10 tweets, 4 min read Read on Twitter
1/ This is only the starting point which made me dig deeper. The timing of this filing (28th Dec) wrt to the SpaceX raise is interesting. Referenced are loans with Morgan Stanely for a total of ~$61m
2/ The question is. When were these loans taken out? What was the money used for? The first question should be possible to answer through public filings. The problem is that the properties are owned by various LLCs, which makes the whole undertaking a bit more
3/ complicated. Let's dig in.
4/ We start with APN 4369028001. Callisto LLC. Deed of Trust filed 26th Dec in LA County. MORGAN STANLEY PRIVATE BANK. Look at the Date under (F). 18th December (!!!). 18th December. Loan amount $19.5m
5/ Next APN 4369021009. Callisto LLC. Deed of Trust filed 28th Dec in LA County. MORGAN STANLEY PRIVATE BANK. Look at the Date under (F). 18th December (!!!). 18th December. Loan amount $6.825m.
6/ Next APN 4369006013. CAMELLIA RANCH LLC. Deed of Trust filed 27th Dec in LA County. MORGAN STANLEY PRIVATE BANK. Look at the Date under (F). 18th December (!!!). 18th December. Loan amount $14.950m.
7/ APN 4369029003. DUCK DUCK GOOSE 100 LLC. Deed of Trust filed 28th Dec in LA County. MORGAN STANLEY PRIVATE BANK. Look at the Date under (F). 18th December (!!!). 18th December. Loan amount $2.8275m.
8/ APN 038200020. Now we are in San Mateo County. Gatsby LLC. I don't have the document. Document number 2018-100211. Deed of trust. Filed 12/26/2018. MORGAN STANLEY PRIVATE BANK N A. Loan amount per other document (PoA) $17.225m. Search here apps.smcacre.org/recorderworks/
9/ On 18th December we got this WSJ article that SpaceX is set to raise $500m in equity. wsj.com/articles/elon-…
10/ I'm sure there are other people who can interpret and read these files better than me. Have fun!
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