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Spaceflight. Scandal. Mostly scandal.

Money

Insider information led to the sale of some partner stock

Equinox Partners sold a big pile of Terra-Luna stock on Monday. On Tuesday the Moon mission fell apart. Funny how that works.

Terra-Luna, which is having a week.
Terra-Luna, which is having a week.

Monday, 9:31am. Equinox Partners dumps its stake in Terra-Luna. Tuesday, 4:47pm. Terra-Luna announces it is going to the Moon alone.

Equinox says the timing is a coincidence. Their trading desk says the same thing, word for word, which is its own kind of suspicious.

We sold because we had a feeling. Is it illegal to have a feeling?

Equinox Partners head of trading

It is not illegal to have a feeling. It might be illegal to have a feeling because somebody told you about the feeling in a parking garage.

Terra-Luna lost the joint mission and the money in the same week. Equinox walked away with both.

  • Equinox Partners
  • Terra-Luna

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