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.
OBSESSION topped the domestic box office again on Wednesday — the only movie in America to gross more than $4M yesterday.
Curry Barker’s film is now tracking to become the first horror movie ever to earn over $20M in its fifth weekend.
I’ve referred these allegations to DOJ’s new Fraud Division for criminal investigation. Minnesota state officials are not above the law, and if they facilitated fraud, lied under oath about what they knew, or harassed and intimated whistleblowers, they must face justice.
Tim Walz was in on it.
Jacob Frey was in on it.
Tina Smith was in on it.
Ilhan Omar was in on it.
Tikki Brown was in on it.
Keith Ellison was in on it.
Amy Klobuchar was in on it.
Peggy Flanagan was in on it.
All of the Minnesota power brokers were in on the fraud.
All of them.
How do I know the media is brainwashing people?
Obama's ICE Chief received the Presidential Award for Distinguished Service for removing over 900,000 illegal aliens.
Trump's ICE Chief is called a Nazi.
It is the same person.....Tom Homan....
The only difference? The narrative.