A man working as a welder at SpaceX for $28 an hour has just become a millionaire.
Juan Hernandez, who came from Mexico, welded rockets for SpaceX at $28 an hour.
SpaceX gave him $10,000 in stock when he went full time in 2015, and he bought more with every paycheck for 10 years.
$SPCX is now trading at $167, making his shares worth over $1 million.
Elon Musk isn't the only one getting richer from SpaceX going public.
The stock’s surge is estimated to have turned about 4,400 current and former employees into millionaires through equity compensation accumulated during their time at the company.
SpaceX’s long-awaited IPO raised a record $75 billion, valuing the company at roughly $1.8 trillion.
The offering also pushed Musk’s estimated net worth past the $1 trillion mark, further cementing his position as the world’s richest person.
Now Wall Street is watching to see whether the stock's early trading can drive SpaceX’s valuation even higher, rewarding employees and investors who backed the company during its rise.
My grandpa has mopped floors at SpaceX for 24 years.
Never complained once.
This morning SpaceX went public. $SPCX
He called me at 6am crying.
Couldn't get the words out.
The man who cleaned up after rockets
just became a multimillionaire.
Nobody talks about the janitors.
🚨 BREAKING: Elon Musk speaks from Starbase as SpaceX goes public, with the largest IPO EVER
"If people had told me this was going to happen [years ago], I would be like, man, you must be smoking some REALLY good crack because I think this company is going to fail!" 🤣
"I gave SpaceX less than a 10% chance of succeeding at all, to be clear. In fact, I told people this: I said, 'look, we're probably going to fail, but, you know, we should give it a try because if we don't, if if there's not a new company that enters space, we will never be a truly spacefaring civilization.'" 💯
@elonmusk $SPCX
The Iran war “ended” the day before the biggest IPO in history, Trump’s birthday, and a UFC card at the White House.
What a coincidence. What timing. Wow.