Liam

27 year old trying to make his way in life. Lover of technology, gaming and my fellow gays. Did I say I like games?

[Liam @FlippantCactus]

@PolitlcsUK @thetimes Parents do not use child accounts for their kids and therefore they get exposed to adult content. What do they expect? I don't expect a government to tell parents they're not doing their job properly though...

[Liam @FlippantCactus]

Spineless government.

[GB Politics @GBPolitcs]

🚨NEW: Bluesky will not be included in the under-16s social media ban

[VideoCardz.com @VideoCardz]

Corsair GPU Power Bridge rated for up to 105°C melts on RTX 4090 Founders Edition

https://t.co/WtcDaCjepE

[History Calendar @historycalendar]

Elon Musk’s wealth accounts for over 3% of the United States’ GDP.

For reference, John D. Rockefeller accounted for about 1.5% of the U.S. GDP at his peak in 1937.

[AMD Radeon @AMDRadeon]

The latest update to Microsoft Advanced Shader Delivery now supports even more AMD Gaming Devices.

⚡️Now enabled on AMD RDNA™ Powered Graphics with AMD Software 26.6.1
⚡️Reduce shader stutter & load times by up to 95%

Learn more: https://t.co/bUchIFRzYY

[Focus Protocol @focusprotocol]

@SenSanders

[Erik Voorhees @ErikVoorhees]

No, you don't get it.

He does not have $1 trillion sitting in cash, it is 99% stock in his companies.

To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.

Okay, but now Elon has $100b in cash, and can "solve the world's problems".

$100b divided by the world's 8 billion people is $12

If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.

But everyone on earth could have one nice meal and you could revel in your altruism.

[IGN @IGN]

The canceled Warhammer Horus Heresy MMO was “shaping up nicely,” one person who worked on it has said. https://t.co/3gzJXZsbEg

#IGNSummerOfGaming

[Polymarket @Polymarket]

JUST IN: 400 current & former SpaceX employees are poised to become worth over $100 million from the IPO.

[Bull Theory @BullTheoryio]

A man who earned $28 an hour at SpaceX is about to become a millionaire today because of the IPO.

But he is just 1 of 4,400 SpaceX employees becoming millionaires today.

SpaceX begins trading on Nasdaq today under the ticker SPCX, priced at $135 per share and valued at $1.77 trillion.

The offering raised $75 billion and drew more than $250 billion in investor demand, more than three times oversubscribed.

More than 4,400 current and former SpaceX employees are projected to become millionaires today. Around 400 of them will hold stakes worth over $100 million each.

To put that in context, the Google IPO in 2004 created roughly 1,000 millionaires. Facebook's 2012 listing produced a similar number. SpaceX is doing more than four times both of them in a single day.

And the majority of these people are not founders or executives.

They are engineers, welders, machinists, and launch technicians who took equity over cash and held it for years.

Juan Hernandez moved from Mexico and learned to weld for the money.

He joined SpaceX in 2015 earning $28 an hour. When he went full time, the company gave him $10,000 worth of stock. He held it, bought more through payroll deductions, and sold a small portion in 2020 to buy property in Texas.

His remaining shares are worth $880,000 today.

Trevor Hise joined as a launch engineer straight out of college in 2011. He spent 12 years accumulating shares through salary, bonuses, and reinvestment. He is 37 years old and walking away with more than $13.5 million.

Gavin Petit started in 2012 on an $80,000 base salary with a small initial grant priced at $13.80 per share. He took every bonus in stock.

He has already paid off his home in Denver from earlier tender offer windows and now holds a stake worth several million dollars.

J. André Lavoie, an engineer who received grants years ago, is sitting on more than $28 million. He is currently in Italy renovating a hotel.

Tom Mueller was SpaceX's first employee, hired in 2002 to build the engines that made all of this possible. He left in 2020 but kept his equity.

This week he said: "Elon always said that your salary is one thing, but it's the equity that's gonna be worth something. That day is here."

This is what SpaceX's compensation model actually looked like from the beginning. The company paid below market salaries and made up the difference in equity at every level of the organisation, not just at the top.

Stock options vested over four to six years. Workers could buy additional shares at a 15% discount through a company purchase plan.

Early option grants were priced below $2 per share. Even 2025 grants carried exercise prices between $37 and $42. At $135 today, those positions are sitting at 3x returns minimum.

The physical impact is already visible in Brownsville, Texas, one of the poorest cities in the United States, where more than 3,000 SpaceX employees work at Starbase.

Median home prices in the surrounding county have gone from $131,000 in 2014 to over $281,000 today.

More than 100 SpaceX employees pooled their combined holdings, estimated between $1 billion and $5 billion to negotiate institutional level wealth management fees as individual workers.

Today, SPCX opens and 4,400 people find out what years of holding actually pays.

[SpaceX @SpaceX]

Teams are go for launch with a $135 price per share for the SpaceX IPO → https://t.co/HlsF4GxRbI

[Kalshi @Kalshi]

JUST IN: SpaceX valuation nearly equals the combined value of every major US IPO since 2000

[Liam @FlippantCactus]

@VideoCardz This is their big plan, make personal computing too expensive and then have you locked into a subscription

[Liam @FlippantCactus]

@KobeissiLetter Hardly a collapse

[Jacob Rees-Mogg @Jacob_Rees_Mogg]

I normally travel back in time but made an exception on this occasion.

[Star Wars Holocron @sw_holocron]

STAR WARS: FATE OF THE OLD REPUBLIC has brought on CYPERPUNK 2077 writer Tony Elias as Narrative Director.

[TJ - Making Tabletop Tavern @TJGameDev]

Total War battles meet Slay the Spire roguelike progression.

Build your army, pick from 16 heroes across 8 factions, and survive the campaign on a living tabletop battlefield.

Tabletop Tavern launches in 2 days on June 11th!

[Visegrád 24 @visegrad24]

Video with subtitles of yesterday’s attempted beheading of a young British man by a Somali migrant in Belfast. It’s a hard watch but Europeans must see it.

Those who intervened and smashed a shovel over the attackers’ head are heroes

They most likely saved that young man’s life

[The Kobeissi Letter @KobeissiLetter]

BREAKING: OpenAI has confidentially filled for an IPO.

We are about to witness the most incredible IPO run in history.

[GB Politics @GBPolitcs]

🚨NEW: Messaging app, Signal, has issued a statement claiming UK government proposals "will not safeguard children, but endanger us all"