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Golden Ten Data reported on April 17 that, according to sources familiar with the matter, SpaceX has moved up the vesting date for employee-awarded stock to as early as next week, as the company prepares for its initial public offering (IPO) targeting a valuation of over $2 trillion. The company informed employees that the vesting date for options to become saleable will be advanced from the originally expected May to April. Sources said this accelerated vesting is expected to help alleviate concerns among employees about the number of shares available to them when the company goes public. Typically, in IPO filings submitted to the U.S. Securities and Exchange Commission, companies disclose the number of shares available for sale on the first trading day as well as stock options granted to employees. Sources noted that related discussions are still ongoing, and IPO details, including the timeline, are subject to change.

This streaming pioneer also announced that co-founder Reed Hastings will step down after serving on the board for 29 years to pursue philanthropic endeavors and personal interests. The company stated in a release on Thursday that revenue in the first three months of this year grew 16% to $12.3 billion, surpassing expectations of $12.2 billion. Earnings per share reached $1.23, beating the expected $0.76. However, Netflix forecast current-quarter earnings per share at $0.78, below Wall Street analysts’ estimate of $0.84. After the announcement, the company’s shares fell more than 9% in after-hours trading. Wall Street is now watching to see if Netflix can retain its subscribers. In March, Netflix raised its subscription prices, increasing the ad-free standard plan by $2 to $20 per month.

The executive stated that both parties are currently in active negotiations but did not disclose specific details of the cooperation. Market observers pointed out that this move may indicate that Netflix will further expand into the field of live sports content, continuing its strategic transformation from a traditional streaming service to a live sports event platform.