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.
@ewarren Stop banging on about Elon. At least he’s created jobs and ideas . He has provided Internet access to millions and allowed open discussion online.
Complaining about someone who was successful is pathetic. Get on and help people yourself if you feel aggrieved.
@nyknicks …start pressing the news. If you can get to NY , go immediately. The party that will erupt across the city when the Knicks win , will be bigger than anything you’ve seen https://t.co/IGNpWAKmgh
@JEChalmers You are putting the petrol tax back up. Everything that is transported is going up in price. Families will have less money. Business costs go up. Any of your tax cuts will be obliterated by rising prices. It’s embarrassing you think we don’t know what crooks you are
@AFL Football is the winner this week! Easily the best round of footy of the year.
So many great finishes.
As a Freo fanatic, being able to kick back and enjoy a stress free percentage boost was a delightful thing. #freoforever#afl Let’s keep it going
@DrewPavlou Is this an AI clip? Surely no leader of Australia would treat a First Nations elder as a newly arrived Gazan refugee? If my Mum arrives in emergency the same time as a non citizen , who is seen first? Flip of a coin for Albo?
@Jesse_Way My opinion is that they are actually putting together a season very similar to Muhammad Ali’s rope a dope method.
They haven’t put in their best team yet. They turbo charge their efforts for about 20 minutes to win games. Players being rested in games
They will explode in finals
@KatyKray73@JaggerMickOZ So, Bozo Bowen who says no to nuclear, no to coal and gas but yes to filling Australia with bird choppers and non recyclable soil poisoning solar panels made in China now is determined to have EVs sucking the unstable grid to run these useless cars. And the Data centres 🤡
@SarahAllisonFl@JaggerMickOZ Absolutely disgusting behaviour. What good does this desecration do in making a point?
Go and put together parcels of supplies for those in need. Raise money. Get food together.
This actually deserves jail.
Where are the gallery security? Bags that big shouldn’t be allowed in
@Ryandally08 How would some Catholics singing hymns in Iraq or Gaza go ? How are the Christians going in Nigeria at the hands of Islamists currently. All are persecuted.
Australia accepts everyone but we don’t want to have prayers on loudspeakers. It’s annoying . Go to a Muslim country