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.
Funny and this is no shit....i lived in that rat infested quanson hut for a day or too... they are up on the loop back in the day we ran Our version of RIP ...Well Pre Ranger Rip any way ...its up north of 5th Marines Pool abut 4 miles
https://t.co/nYUoEhbSfK
🔥🚨DEVELOPING: Tulsa, Oklahoma just launched the state’s first-ever musical road on the iconic Route 66, where you can drive across the Southwest Boulevard Bridge at exactly 35 mph for your tires to play Woody Guthrie’s “This Land Is Your Land.”
I can't take the gaslighting, guys. I really can't. Conservatives are now running around saying "Iran has been waging war on us for 47 years." Okay then why didn't any of you call for an attack on Iran at any point until now? Why didn't you make a case for Trump "ending the war, not starting it" until precisely the moment when Trump did it? You and I both know that you are latching onto a talking point you never used until 45 seconds ago. You and I both know that almost every conservative influencer in the business was opposed to war with Iran until just now. And now you're trying to use justifications that stretch back decades. It doesn't make any sense. If you changed your mind, fine. Say so. Explain why. You're allowed to change your mind. I've changed my mind about things. But don't try to rewrite history. Be honest about it. There's too much at stake to play these games.
🚨🚨THIS IS AWESOME🚨🚨
#NFL star Christian McCaffrey spotted playing the piano at Zach Bryan’s concert last night in San Francisco.
🤯
McCaffrey played the entire set during Bryan’s show.
CMC is one of the most talented men in the world. This is great.https://t.co/gkeHWG7y7Z
This is mind blowing - Minimum wage in the 1960's was $1.25 an hour - however if you use silver quarters, thats $70 dollars a hour in today's money...!!