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.
@TRobinsonNewEra ๐จ๐ฌ๐งBRITAIN: A chaotic altercation on a UK bus where two Muslim 3rd world migrant men forcibly remove a pregnant white British woman from her seat, pushing her down the steps onto the pavement as bystanders film without intervening. https://t.co/f5qdIKm8CF
DELANEY HALL 100: Fox News Digital investigation reveals network of roughly 100 groups with $825 million in combined annual revenue coordinating Newark ICE protests through encrypted Signal chats, strategic comms documents and military-style supply operations.
The groups โ including the ACLU, Indivisible and Democratic Socialists of America โ direct activists to call the detention center a 'concentration camp' and detainees 'captives' who were 'kidnapped.' About 70 of the organizations enjoy tax-exempt nonprofit status, now under congressional investigation for alleged abuse of those designations.