Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.
> youâll never start a rocket company
> youâll never build your own engines
> youâll never be able to use off-the-shelf parts
> youâll never survive three launch failures
> youâll never reach orbit
> youâll never win NASAâs trust
> youâll never launch cargo to the ISS
> youâll never compete with Boeing
> youâll never compete with Lockheed
> youâll never make rockets reusable
> youâll never land a rocket vertically
> youâll never land one on a drone ship
> youâll never reuse a booster
> youâll never fly the same booster 10 times
> youâll never fly the same booster 20 times
> youâll never fly the same booster 30 times
> youâll never recover and reuse the fairing
> youâll never lower launch costs
> youâll never launch every month
> youâll never launch every week
> youâll never launch multiple times a week
> youâll never carry astronauts
> youâll never replace Roscosmos
> youâll never fly civilians to orbit
> youâll never manufacture satellites at scale
> youâll never build the biggest constellation ever
> youâll never make satellite internet work
> youâll never make satellite internet fast
> youâll never make satellite internet affordable
> youâll never serve rural customers
> youâll never serve aircraft and ships
> youâll never build a methane rocket engine
> youâll never make full-flow staged combustion work
> youâll never build the most powerful rocket ever
> youâll never build a rocket bigger than Saturn V
> youâll never build it out of stainless steel
> youâll never launch Starship
> youâll never separate Super Heavy and Starship
> youâll never relight Raptor in space
> youâll never bring Super Heavy back
> youâll never catch a booster with Mechazilla tower arms
> youâll never launch 85% of mass to orbit worldwide
> youâll never change the economics of space
> youâll never force the entire industry to copy you
> youâll never win
> youâll never IPO
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Congratulations to @elonmusk and the SpaceX team. You did what countless people said was impossible, and you did it time and time again.
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Today is your day. You deserve this. May it be a glorious one.
Elon Musk is now a trillionaire.
A terrible day to be Tim Walz, but a great day to be one of the 4,400 newly minted millionaires, including welders, janitors, and cafeteria staff.
Capitalism is a good thing. $SPCX
In the wake of what's happening in Belfast Sinn Fein had 3 options.
1.They could side with the rioters.
2. They could side with normal Irish people who >70% want immigration stopped.
3. Side with the migrants.
Without a moment's hesitation they chose the migrants.
Important. The Daily Mail has just revealed that the Belfast knife attack suspect was granted asylum in Britain under a controversial 'fast-track' scheme, introduced by Reform's Robert Jenrick and Suella Braverman.
It has been reported that the monster's case was dealt with through this scheme.
Jenrick and Braverman gave him 'permission to stay here after completing a 10-page Home Office questionnaire rather than undergoing the standard â and far more rigorous - face-to-face interview process' the Mail reports.
This is traitorous.
Reform's Jenrick and Braverman have serious questions to answer.
Today.
There is one party that will deal with these savages in the appropriate manner.
Asylum system abolished, mass deportations and a referendum on the death penalty for scumbags who attempt beheadings on British streets.
Restore Britain.
Iâm sitting on a cruise next to 2 black ladies talking about how they canât sell their food stamps anymore. Now that they canât purchase junk, they have to sell to people who really cook and that market is slim. Theyâre very upset about it on this 8 day Mexican Riviera cruise.
@itsmine49 Karmelo wonât get an appeal because his shit parents spent all the money from his legal defense fund on a house and cars.
And because the facts and the law were applied fairly in his conviction.
He was a kill crazy racist looking for a white boy to murder.
@AjayJarret31000@reesetheone1 The majority of African Americans are being honest with us about their support for murder, robbery and injustice.
It has nothing to do with the right.
This is what black culture celebrates.