Charles Nicholson

Any views expressed entirely my own

[Shruti @heyshrutimishra]

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.

[Charles Nicholson @ChNicholson]

@MerrynSW Given the opportunity the NHS will kill you.

[Charles Nicholson @ChNicholson]

@afneil Labour’s ‘kindness’ in action .

[Charles Nicholson @ChNicholson]

@AlecStapp @MerrynSW Deindustrialisation in one chart . Politicians have been disgracefully bad for too long

[Charles Nicholson @ChNicholson]

@OldknowPhilip @vickigregson @BBCPolitics But the govt is actually losing money on this policy

[Charles Nicholson @ChNicholson]

@afneil Which will distort the market to the detriment of those buyers just like every other property bung devised by politicians

[Charles Nicholson @ChNicholson]

@MartinSLewis @BrianSpanner1 Those who want it most won’t have access to an online survey.

[Charles Nicholson @ChNicholson]

@staylorish @themajorityscot Clearly these weren’t kept in her kitchen or she’d never have seen them

[Charles Nicholson @ChNicholson]

@UKLabour @GeorgeFoulkes Other than taxing employers so hard that they don’t employ them

[Charles Nicholson @ChNicholson]

@RestoreBritain Our soon to be retired nuclear fleet could be plugged into the grid. Instant SMRs

[Stephen Daisley @JournoStephen]

‘Peter Murrell is what would happen if Hyacinth Bucket turned to a life of crime.’

My latest for the @spectator.

https://t.co/rRUB8kjewr

[Charles Nicholson @ChNicholson]

#theassembly I haven’t watched terrestrial tv for a while . I stumbled across this absolute bilge. Who commissioned this?! No wonder audiences are tanking

[Sam Taylor @staylorish]

Three cheers for that audience member. And deft moderation by @StephenJardine.

“So wait a minute… we pay the supermarkets to lower their prices… is that what you’re suggesting?”

An unusually entertaining and illuminating 90 seconds from last week’s #bbcdn

[Charles Nicholson @ChNicholson]

@DouglasCarswell Faced with two choices politicians always take the easier route. We are now getting to the point where radical change is the easy option relative to a crisis. I think we are so far gone we have to have the crisis before we can resolve anything

[Charles Nicholson @ChNicholson]

@RupertLowe10 Look forward to you dissolving the devolution settlements. They have ended up sowing division within UK

[Charles Nicholson @ChNicholson]

@DouglasCarswell Would love to see how that lands in the Uk. Even more amusing in Scotland

[Charles Nicholson @ChNicholson]

@RupertLowe10 Please can you go the whole way and disband Holyrood. That and the Welsh assembly are firmly aligned against the UK’s interests

[Charles Nicholson @ChNicholson]

@profr33dom They think it’s going to go up I would hope. I prefer to wait

[Charles Nicholson @ChNicholson]

@profr33dom Buying shares isn’t obligatory. Let’s see how it pans out

[Charles Nicholson @ChNicholson]

@profr33dom Great if they are bullish but personally happy to sit tight and wait for some momentum in the stock