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.
🚨💣 BREAKING: Éderson to Manchester United, here we go!
Deal done with Atalanta for €45m package with add-ons included, agreement now in place.
Medical and formal steps to follow but deal in place.
Éderson will sign a four year deal plus option, as @TheAthleticFC reports.
Kenya's Sabastian Sawe wins the London Marathon in world record time, becoming the first athlete to run a marathon in under two hours. https://t.co/2ogIRtGK4j
Damian Lillard shared a screenshot of a DM to Steph Curry, trying to lure Steph, Klay Thompson, and Devin Booker into next year’s 3-PT contest 👀
PURE. SHOOTERS. 🪣
Patrice Evra on Arsenal fans:
🗣️ “People don’t have problems with Arsenal players, but with their fans. I’m not sure I’ll ever do business with Arsenal fans because they promise things that never get achieved.”
Knowing when stages come to an end.
Knowing when to say goodbye when you feel that you will be remembered and respected forever.
Four months to give my all for this badge and for our goal.
Eternal respect and affection for Manchester United and its wonderful fans.
Forever Red Devil.
🚨❤️ Michael Carrick: “Kobbie Mainoo was great alongside Casemiro. They gave us a foundation really - with Licha and Harry”.
“I felt it was a game for experience and knowing what it feels like. It was a bit of a calculated gamble to see if Mainoo could get through it”.
#TopicalTuesday
The South C collapse adds to Nairobi's grim list of building collapses. The National Construction Authority confirms the project was registered but non-compliant. /1