SpaceX's 11th employee just became a billionaire.
Gwynne Shotwell joined SpaceX in 2002. She was employee number 11, joining as VP of Business Development before the company had proven a single rocket could fly.
She didn't even go there looking for a job. She had taken a colleague to lunch to celebrate him leaving for SpaceX, ran into Musk at the restaurant, and got interviewed on the spot. A week later, she joined him.
Her job: sell rocket launches for a company nobody had heard of. She built the Falcon vehicle manifest to over $5 billion in commercial contracts. She managed SpaceX's growth to 22,000 employees. She was the one who told NASA, the Air Force, and paying commercial customers why SpaceX could get to orbit cheaper and faster than anyone before it.
She was also the one who said no to going public for years. "I wasn't sure the company would go public," she said on CNBC yesterday. She resisted the pressure because she believed the public markets would force SpaceX into quarterly thinking, which would kill the mission.
She finally decided it was time. "I do not want to focus on quarterly earnings," she said on IPO day. "What we're doing is very futuristic."
Her stake is now worth north of $1.3 billion. She's SpaceX's fifth-largest Class A shareholder.
The 24 years of operational work that made yesterday possible have Gwynne Shotwell's fingerprints on them.
Sustained wealth happens when you have a community thinking together. The key person who is visibly wealthy only achieves that wealth because others also have skin in the game and propel them for their benefit.
I am not engaging in "trillionaire worship" like others, but what was instructive about the SpaceX IPO was that the cafeteria workers and janitors at the same company also became wealthy. That is a bigger deal than anything else.
I hear so much talk about founders and investors in African entrepreneurship, but what nobody tells you is that the people who also became wealthy are the people who supported the entrepreneur and the enterprise with work.
Decades ago, I discovered that Dangote's depot operators, when he was selling commodities, were also Naira billionaires in their own right. They didn't need to cheat him to get wealthy, as most misguided people believe employees should do; they had an arrangement that made all of them wealthy.
Dangote took the financial risk while the depot chiefs took the operational risks. I see this same dynamic in many supply chains in Africa. My wife's aunt's 70th birthday in Accra last year was attended by all the key FMCG players and traders who worked together in an ecosystem that they all profited from.
Aliko became rich because his family learned about this model long before anyone else did. He benefited immensely from it, and he is passing this same ecosystem-building approach on to the next generation of his family.
This aspect of African entrepreneurship is rarely discussed. People want to hear grass-to-grace stories or miracles. True wealth in reality is built by communities and ecosystems that work in sync. I will be talking about it a lot more.
I survived surgery yesterday, and I am grateful for another chance to keep doing this.
Building apps has never been easier.
With Sites, Codex can turn your work, ideas, and plans into an interactive website or app your team can explore, use, and share with a URL.
Rolling out to Business and Enterprise plans, before expanding more broadly.
Best way is to ditch the hiring process and contact decision makers showing the products you have shipped. You have no business hiring through the broken recruitment process if you are delusionally optimist.
YC has never cared about your age.
Telling yourself you're too old for YC is the most expensive lie in startups.
They care about your idea, your traction, and whether you can move fast.
The "young founder" myth exists because the media covers Zuckerberg, not the 42-year-old who just built a $50M ARR company out of batch.
Your Github and your growth curve don't have a birthday.
We have a project in Ketu, Mainland and another one in Badore, Ajah, Island.
Both are at a stage we need granites.
Cost per truck of 30 tons of granites to site:
- Ketu: N500k
- Ajah: N675k
Same quantity, 35% price difference.
Furious when both got to my table for approval, I bypassed the procurement/project team and called the suppliers themselves.
Finding
1. There are no rocks in Lagos (I knew) so the Ketu supplier sources from a quarry in Abeokuta while the Ajah supplier sources from quarries in Ijebu. Ijebu is closer to Ajah while Abeokuta is closer to Ketu.
2. More significantly, they incure more "road settlement costs" on Ijebu-Ajah route than Abeokuta-Ketu, large part of which is express road.
3. The Ijebu-Ajah supplier also complained of diesel cost, as Ajah-Ijebu road is prone to traffic (= higher fuel need) than Abeokuta-Ketu.
When we asked whether the Abeokuta/Ketu supplier can just supply to Ajah, he said he also cannot deliver for less than N650k. Not much difference to change supplier for.
Now, if we need 15 trucks of granites for a simple 5-terrace house in Ketu and Ajah, we will spend N7.5m on granites for Ketu project and N10.13m for Ajah project. Same construction, same city, different cost for same material quantity.
There’s a new economy built around:
•AI cartoons and illustrations
•AI Filmmaking
•AI Animation
•AI Video Ads
•UGC, AI Avatars & Twins
Go in now for first mover advantage
Memory on Claude Managed Agents is now in public beta.
Your agents can now learn from every session, using an intelligence-optimized memory layer that balances performance with flexibility.
Open roles:
-Social Media Manager who has actually grown accounts
(not just posted content)
-Sales Closer who has sold high-ticket offers
(and has numbers to prove it)
-YouTube Specialist who understands retention, thumbnails, and growth
-Podcast Director who has launched and produced real shows
Here is what matters:
-Your portfolio and results.
-What you have actually built, grown, or sold.
Here is what does not matter:
Your degree or certifications.
If this sounds like you, the link is in the first comment.
It takes 5 minutes.
Your portfolio is the application.
If you know someone strong, tag them.
PS: You can be based anywhere.
If you are in Australia or Nigeria, even better
🚨 We’re Hiring!
We currently have exciting opportunities:
•Communications & PR Executive (350,000-450,000)
•Videographer / Video Editor (300,000- 400,000)
•Content Strategist / Copywriter (350,000- 400,000)
•Graphic Designer
•Social Media Manager (250,000- 300,000)
If you have relevant experience or know someone who fits, this is a great opportunity to explore.
Send your CV to: [email protected]
Hiring: Dedicated Remote Operations Assistant
Location: Remote (Nigeria)
Salary: ₦250,000/month
Start Date: Immediate
We are looking for a highly reliable, detail-oriented, and dedicated operations assistant to support a busy professional working across multiple projects. This is a fully remote position that requires someone who is responsive, disciplined, and able to work independently with minimal supervision. You will become a trusted partner in the day-to-day running of our operations.
Key requirements
●A fast learner
●Should be a university graduate, completed National Youth Service Corps.
●Have a good remote working set up, stable internet connection, decent power supply and a good working laptop with at least 8GB RAM
●Should be able to use AI like CHATGPT comfortably
To apply: https://t.co/WmB6csuFGX