"And that's what SpaceX is all about - is to take the fiction out of science fiction and create an exciting, inspiring future for everyone."
@SpaceX Founder, CEO, CTO & Chairman @elonmusk takes the @NasdaqExchange podium on $SPCX IPO day.
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.
Very inspiring words from Elon Musk today:
"I always think about this. There are always problems on earth. There’s always things that we wish to be better, that we want to solve on Earth, and we should solve them. But there there also has to be things that get you excited about the future — that make you glad to wake up in the morning, because you can’t wait to see what happens next.
That’s the future @SpaceX wants to bring to you."
Let’s goooooo🚀
This is how I invest.
The profits from my business go into mutual funds where they continue earning interest.
Whenever I see opportunities in the market, I take part of those profits and buy the dip.
I can't afford to lose my money. That's one of the reasons I don't own every stock.
I only buy businesses with high profit margins and businesses I understand well.
I currently hold just 4 stocks, with no plans to add any others for now.
Not because there aren't plenty of good businesses out there, but because money isn't easy to make, and I take capital preservation seriously.
Before I buy a stock, I read the financial statements at least 5 times.
If I miss something the first time, I don't want to miss it the second, third, fourth, or fifth time.
My stock checklist is surprisingly boring:
✅ Strong balance sheet
✅ Growing earnings
✅ Good management
✅ Generates cash
✅ Understandable business
Most of my returns come from waiting.
Most of my mistakes come from ignoring this checklist.
one of the quotes i find most inspiring on a hard day:
"Whatever your hand finds to do, do it with all your might, for in the realm of the dead, where you are going, there is neither working nor planning nor knowledge nor wisdom"
Ecclesiastes 9:10
God save me from this off campus😭😭 I’m on YouTube watching all their interviews🤦♀️ not done this for a movie in a long time😩🤭 Team rom com anytime anyday🥹 Give me 10 more seasons 🤣🤣