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.
And you'll never hear the wolf cry to the blue corn moon
For whether we are white or copper skinned
We need to sing with all the voices of the mountain
We need to paint with all the colors of the wind
You can own the Earth and still
All you'll own is Earth until
You can paint with all the colors of the wind
Or build reusable rockets and blast off to Mars and own Mars too!!!
@MichiganDems we pay for you to not fix our roads and steal our money and violate laws every chance you get to enrich yourselves. nobody is buying what you are selling
🇺🇸⚽️WORLD CUP FANS ARE LOVING AMERICA
@willcain highlights reactions from international visitors discovering everything from Waffle House and Buc-ee’s to ranch dressing, fast Wi-Fi, and Southern hospitality.
“It is funny when Europeans say, ‘We can spot Americans from a mile away’. Yeah no shit dude, we can do the same with you. You’re wearing umbros and a gucci shirt that’s like a size small… and you have a purse” -Big Cat
NEWS: SpaceX CFO Bret Johnsen walks investors through the entire business in the company's new IPO roadshow video.
Johnsen, the only CFO SpaceX has ever had, lays out the numbers behind the listing.
SpaceX raised just $9 billion to build its space and connectivity business. In 2025 alone it generated roughly $19 billion in revenue, up over 30%, with almost $7 billion in positive adjusted EBITDA.
Starlink ended Q1 with 10.3 million users, up over 100% year over year. Its 9,600+ satellites represent 75% of all active maneuverable satellites in orbit.
V3 satellites fly in the second half of this year. Each delivers roughly 1 terabit per second, a 20x jump in capacity per launch.
On AI, Johnsen said orbital data centers are coming within the next couple of years and that SpaceX recently signed a deal to host Anthropic's models on its data centers.
Long term, SpaceX is targeting roughly 70% gross margins and 45% net income margins against a $28 trillion addressable market.
Excited to be named a launch partner for @Microsoft Discovery, now generally available as announced at @MicrosoftBuild. Researchers will soon be able to plan experiments in Discovery and run them directly on Ginkgo Cloud Lab.
Keynote (jump to the Discovery segment): https://t.co/yHvokj40Vl
Microsoft's announcement: https://t.co/Ucyb5OENGG
@stickynicky0@WillDil66166445@GfedGoCrazy Tom Gores owns the Pistons, agreed to move to the team downtown as part of the overall shift to move business and people to the city (literally didn’t have to and at first didn’t want to since the Palace is elite) and is quite literally from Flint, MI and went to Michigan State
45 POINTS FOR CADE.
45 POINTS FOR PAOLO.
2nd time EVER two opponents have dropped 45 in a postseason game... Pistons keep their season alive in an ALL-TIME battle between the 2021 and 2022 No. 1 picks 🤯
See a video tour of the first Autonomous Lab built for the Genesis Mission by @Ginkgo at @PNNLab !🇺🇸🤖 US keeping lead in science needs scientists driving AI+robots instead of toiling at the lab bench!