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.
Steven Bartlett, host of the podcast, The Diary of a CEO, released an interview with Christian apologist, John Lennox, this week, and his closing comments to him were fascinating:
"One of the most compelling arguments for God that you've presented (and your way of seeing the world and being) is not actually necessarily anything you've written in your books or not not necessarily anything you've said. It is actually you.
You have a certain peace and contentment that I rarely see in people that I interview, but I often see, and I've almost always seen, in the Christians that I've interviewed, and this is a interesting phenomenon for me...it seems to be a trend that a lot of the Christian apologists that I've interviewed have that anchoring that so many of us are looking for."
What a great witness.
See these two photos of a SpaceX engine side by side. The early one looks like a plumbing disaster. Wires everywhere, exposed hardware, total chaos. The current one is clean, tight and beautiful.
If they'd waited for the clean version before building the first one, Starship would still be a slide in a pitch deck.
The same trap catches founders constantly. They want perfect branding, slick automations and flawless onboarding before they've even proven anyone wants the thing.
You cannot optimise zero.
Put the messy version into the world. Let reality give you the feedback. Let the market show you what actually needs fixing, instead of guessing in private for another six months.
Version one is meant to be a bit embarrassing. That's how you know you shipped early enough.