Maxim Lott

Fmr exec producer for John Stossel. Creator of and

[Yatharth Mann @yatharthmann]

Elon Musk is an engineer.

Jeff Bezos is an engineer.

Larry Elison is an engineer.

Larry Page is an engineer.

Sergey Brin is an engineer.

Jensen Huang is an engineer.

Turns out capitalism does reward skills and intelligence, and the richest people are indeed engineers.

[Fox News @FoxNews]

Elon Musk isn't the only one getting richer from SpaceX going public.

The stock’s surge is estimated to have turned about 4,400 current and former employees into millionaires through equity compensation accumulated during their time at the company.

SpaceX’s long-awaited IPO raised a record $75 billion, valuing the company at roughly $1.8 trillion.

The offering also pushed Musk’s estimated net worth past the $1 trillion mark, further cementing his position as the world’s richest person.

Now Wall Street is watching to see whether the stock's early trading can drive SpaceX’s valuation even higher, rewarding employees and investors who backed the company during its rise.

[The Knowledge Archivist @KnowledgeArchiv]

“In order to make people equal, you have to treat them differently. If you treat people alike, the result is necessarily inequality.”

— Friedrich Hayek

[Maxim Lott @maximlott]

@RaduBT @HedgeDirty Nice

[Nick Davidov @Nick_Davidov]

Idc about all morons saying that society shouldn’t have trillionaires. I was born in USSR and grew up in Russia in the 90s. For me it’s a true marvel that:
- an engineer can get rich by being a good engineer
- an entrepreneur can get rich by building something people want and not grifting on the government or natural resources
- an entrepreneur engineer can become a trillionaire and not be in prison

[Elon Musk @elonmusk]

Within ~5 years, probably ~5 times as many satellites as rest of world

[Erik Voorhees @ErikVoorhees]

If the socialists had their way, Elon would have had his paypal profits taken and redistributed for the greater good.

The world would never have seen Tesla, nor SpaceX.

And the world wouldn't know it, because they were uncreated, and thus unseen.

Imagine the companies that don't exist, because Washington destroyed them before they were born.

[Dirty Texas Hedge @HedgeDirty]

Over 4000 workers just became millionaires by owning the means of production and the socialists are pissed

[space cadet 🇪🇺🌐🇩🇪 @actsmaniac]

few know this, but the poor actually had access to rockets and electric cars for free until Elon Musk decided to hoard them all for himself

[Robin Hanson @robinhanson]

Congrats to @elonmusk our first trillionaire, a noble accomplishment

[Jackie Chea ⚖️ @Fair_and_Biased]

On this first day of his trillionaire status, I’d like to thank @elonmusk for using some of that wealth to buy @X and save free speech online. 👏🏻

[C. Bradley Thompson @CBradleyThomps1]

I'm proud to live in a country where a man can become and trillionaire & make millionaires out of thousands of ordinary, hardworking Americans.

Let me also tell you what I find obscene about his wealth: NOTHING!!!

Bravo Elon!!!

[Maxim Lott @maximlott]

All the leftist anti-Musk tweets make SO much more sense as self-parody

[Amy Siskind 🏳️‍🌈🇺🇸 @Amy_Siskind]

Imagine if Elon Musk did something to benefit others with his trillion.

[Dume @gietzschean]

>Be Elon
>Get bullied so badly as a kid that you end up in the hospital
>Escape into books
>Read more than 8hrs a day
>Teach yourself programming
>Sell a video game at 12
>Leave South Africa
>Sleep on couches
>Work odd jobs
>Get into America
>Build a startup
>Get fired from your own company
>Start over
>Build another company
>Merge it into PayPal
>Get removed as CEO
>Your company gets acquired
>Walk away with nearly $180 million
>Instead of retiring at 31, put almost all of it into three impossible ideas: Electric cars, Solar energy, Rockets
>People tell you you're insane
>Start a rocket company with no aerospace degree
>Learn rocket science from textbooks
>First rocket fails
>Second rocket fails
>Third rocket fails
>Divorce
>Public humiliation
>Cash running out
>One launch away from bankruptcy
>Launch anyway
>The fourth rocket reaches orbit
>NASA signs a contract
>Survive
>Tesla is weeks from collapse
>Save it at the last minute
>Get mocked for wanting reusable rockets.
>Land one.
>Then another.
>Then dozens.
>Turn science fiction into engineering
>Get mocked for betting on EVs
>Turn electric cars into status symbols
>Force the entire auto industry to follow
>Build the most valuable car company in history
>Launch astronauts into orbit
>Create a global satellite internet network.
>Buy Twitter
>Fire most of the staff
>Rename it X
>Walk into politics
>Risk your reputation
>Risk your companies
>Risk your fortune
>Become one of the most polarising people on Earth.
>Get attacked by the media, politicians, competitors, and activists
>Keep building anyway
>Become a TRILLIONAIRE

[History With Jacob @HistoryWJacob]

Elon Musk just became the world’s first trillionaire.

To put that in perspective, John D. Rockefeller’s peak fortune is estimated on the high end at 3% of U.S. GDP.

Musk’s current wealth sits at 3.1%-3.7% of today’s U.S. GDP.

I think it is safe to say that Musk can be crowned as the richest figure America has ever seen.

[John Stossel @JohnStossel]

Congratulations @ElonMusk.

Thanks to SpaceX's IPO, he's the first Trillionaire.

He didn't TAKE money from anyone. He CREATED wealth.

He launched satellites that connect even the poorest, most remote parts of the world.

Our world needs more MAKERS like Musk; fewer TAKERS like:

[John Stossel @JohnStossel]

The Justice Department has released new guidelines that find the EEOC’s use of “disparate impact” is unconstitutional.

Good.

Disparate impact is a woke legal doctrine that’s rewritten American standards:

[Bull Theory @BullTheoryio]

SpaceX created over 4,400 millionaires today, and many of them are regular working people.

They are not executives or founders, they are welders, technicians, machinists, and launch crew, the people who showed up every day and built the rockets with their hands.

Around 400 of them are sitting on stakes worth over $100 million each.

For context, Google's IPO created roughly 1,000 millionaires. Facebook's created around the same. SpaceX is doing more than four times both of them in a single day.

Juan Hernandez is one of them.

[Joe Colangelo @Itsjoeco]

Fun history fact, SpaceX used to be headquartered in California but their leaders actively chased the company away.

[Polymarket @Polymarket]

NEW: Juan Hernandez, a welder who says he took “just another contract job” at SpaceX for $28/hr in 2015, is now a millionaire as shares soar.