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.
We just had the largest meth bust in @SDHighwayPatrol history — 207 pounds of meth with a street value of $12 million — and the criminal was a non-citizen who is now in immigration proceedings.
I promised that my administration would keep South Dakota strong, safe, and free – and we will continue to deliver on that promise through Operation: Prairie Thunder.
Starting May 7, you will need a Real ID to fly. Real IDs make identification harder to forge, thwarting criminals and terrorists. If you plan to fly, make sure you get a Real ID so you won’t be denied from your flight or face travel delays!
https://t.co/rmP0renGHs
Police Service Dog - Retirement
PSD Doc has retired!!! 🎉
Doc began his career with the SDHP on April, 12, 2019. While on duty with his handler Trooper Dennis Mez, PSD Doc focused on illegal narcotics detection in the western part of the Thank you for your service!
Michelle and Rob from the Office of Highway Safety sport their holiday ugly sweaters with a reminder to “Buckle Up” as you travel this season. Your family and friends are counting on you to arrive safely! #KeepSDsafe#DriveSafe.com
Michelle and Rob from the Office of Highway Safety sport their holiday ugly sweaters with a reminder to “Buckle Up” as you travel this season. Your family and friends are counting on you to arrive safely! #KeepSDsafe#DriveSafe.com
Congratulations to the Lincoln High School marching band on a great performance battling the rain in the Macy's Thanksgiving Day Parade. They're the first South Dakota high school band to play in this parade since 2008. Making us proud!
President-elect Donald Trump has selected South Dakota Gov. Kristi Noem as his next secretary of the Department of Homeland Security.
https://t.co/4MSVH0A0y0
🚨This is your chance to win! 🚨
Drive Safe South Dakota is giving away a foursome in next year’s EMC Championship Pro-Am ⛳ All you need to do is enter is take this short travel survey below 🚗
https://t.co/pZVVLfHhYa
#SanfordIntl