GAO

The Galactic Asset Offering (GAO) is the name coined by the team to refer to their first sale of in-game assets, primarily ships.

The GAO was announced during the 15th Townhall and through a tweet that linked to a [brochure] that lists the 27 ships that will be sold during a 3 month period.

Waves
The GAO consists out of several waves, with different NFT assets being sold during each of them. Some ship sales consisted out of multiple batches at different price points.

Wave 1
The first was launched on September 7th at 15:00 UTC with the release of the Opal Jet. That same day 4 other ships were released, each one hour after the other.

Upon conclusion of the first wave, the next day an article was released, detailing the first two waves and hinting that subsequent waves would follow over the weeks following it.

The following assets were sold during this wave:

Wave 2
Wave 2 was originally supposed to start September 9th at 15:00 UTC but was last-minute postponed by the team to 23:00 UTC to accommodate different time zones.

The following assets were sold during this wave:

Price Announcements
During the first two waves, the price at which the ships were sold, was not made public until the actual sale started. The team hoped this would prevent front-running from happening, but to no avail. After these waves the team decided to approach the remaining waves a little differently. During the 16th Townhall, Michael promised greater transparency by announcing the price at which they would sell the items before going live.

Fixed supply
During the 16th Townhall, Michael revealed that they have no immediate intention to sell the ships that are sold during the GAO ever again:

We don’t have any immediate objective of reissuing these assets in the future. So If you buy a ship -if you got in during these sales in the Galactic Asset Offering, whatever the total supply is, that is the intended total supply going into the immediate future. [..] It’s possible that at some point in the distant future, this could be a year, or 2 years, or 3 years down the line that we re-enable a secondary sale of these galactic assets. But to be honest with you, that is unlikely. Because we have 120 ships and we will continue to innovate and create new ships over time. And there are plenty of opportunities to purchase an item that fulfills your strategy across the various ship sizes. - Michael (CEO)

"For those of you that purchased ships over these last two drops, that is the total supply. And the only way that someone would be able to acquire those in the future is if they purchase them from another user on the secondary market. - Michael (CEO)"