You don’t have to love Elon Musk to recognize what this headline says about us.
A country that spends more time criticizing wealth creation than encouraging it sends a clear message to builders: your success is tolerated, not celebrated.
Canada should be the best place in the world to build ambitious companies. Headlines like this make us look like we’re not quite ready for that.
Today, @SpaceX (Nasdaq: SPCX) makes its public market debut with a $75Bn offering (pre-greenshoe) at $135 per share, marking the largest IPO in history.
Congratulations to the SpaceX team. We are honored to serve as joint lead bookrunner and sole stabilization agent.
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.
ZeroDrift raised an oversubscribed $10,000,000 seed round to enforce compliance on AI communications, just 3 months after launching out of stealth.
AI agents are becoming the next enterprise communication layer, and every regulated company will need compliance enforced before AI writes, speaks, calls, or publishes on its behalf.
TechCrunch exclusive: https://t.co/NY5mPZ2N2e
stoked to announce the first Autonomous Healthcare Hackathon in SF!
the next generation of healthcare will be built by patients, engineers, clinicians, and researchers.
come build the future with us.
epic prizes from our sponsors @xai, @vercel, @cursor_ai
Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.
Got in the booth with @far33d@tkexpress11 and @kenanhsaleh to share some fresh advice for founders applying to speedrun. We look forward to meeting you!
AI tools are like interns with no context about your business.
"Analyze the P&L" gets a generic answer.
"Go line by line, weekly variance, 13-week cash forecast, COGS by geography, tie it to pipeline" gets you something useful.
AI widens the gap b/w strong & weak operators.