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.
@Keir_Starmer There is no justification for our politicians to be importing millions of third-world savages into our lands.
Yet you did it anyway. You didn't listen. We asked you yo stop for over 30 years, and you ignored us.
FACT CHECK: "Senior" reporter at MS Now, @janestreet says: "There is no evidence of election fraud in California."
What are you talking about? Have you not done any research?
The DOJ just prosecuted a LA woman named Brenda Brown for paying people to register to vote using fake addresses. My team filmed this fraud happening all over Skid Row on multiple days & occasions.
Instead of sitting in your journalist cubicle at MS Now all day and peddling lazy propaganda, go into the field and investigate voter fraud on Skid Row like my team did.
The mainstream media continues to lie and we have officially issued a retraction to MS Now for their false statements about "no evidence of election fraud in California."
TRUMP ON TRUTH SOCIAL:
I have just been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait of Hormuz. There were two pilots involved, both are safe and uninjured. Nevertheless, the United States must, of necessity, respond to this attack. Thank you for your attention to this matter! President DONALD J. TRUMP