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.
🔥🚨DEVELOPING: Breakfast Club Liberal host Charlamagne Tha God is facing backlash after fans resurfaced posts of him praising R. Kelly’s sex tape with underaged minors and claimed “The fountain of youth can be found within teenage vagina’ on November 28, 2010.
🔥🚨DEVELOPING: Netflix liberal show host Charlamagne tha God has left his fans disturbed after audio of him allegedly appearing to admit to s*xually abusing a woman he got drunk with E&J and Spanish Fly that he claimed wasn’t rape because a ‘train is rape’ and that was ‘just a one-on-one’ resurfaced.
Charlamagne: “You could put that to a girl’s throat and have sex with her. That doesn’t mean it’s illegal.
So I put the Spanish fly in an E&J. We drinkin’ the E&J and shit. So in my mind I don’t know if this shit really worked, but I felt like I got horny as a motherfucker too. Right?
So she was drunk and shit, and we had sex and shit. And a lot of my boys was trying to come in the room and fuck it. I’m like, ‘Nah, chill out. I can’t. I’m not doing that. I’m not going to let you on the train.’ That’s rape. It’s just one-on-one. It ain’t rape. Trains are rape.”