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.
On a lighter note -
Let's say FIIs sell 3 lakh crore each year.
It will take 20 years for FIIs to exit India (appx current valuations).
And our modiji is planning 2047, and so is aim of NIMO TAI.
π π
#Nifty
10th June high 23425.
11th June high 23325.
12 June high ?
If crosses 23225 than hurdle is ?
Nifty 29 May Friday weekly close 23540
Nifty 05 June Friday weekly close 23366.
Nifty 12 June Friday weekly closing ______ ?
#Nifty
Brent Oil now at 88.50. low of 17 April was 86.
Japan Futures +4%
European Markets 1.8 - 2%+
Singapore futures - 2% +
Australia (ASX200) futures - 2%+
Only a confirmation from Iran side is required that the deal is reached.
Nifty should open at 23425 - 23450 tomorrow.
#Nifty
If there is a signing agreement, why Trump is not going, again JD Vince is going.
Looks fishy, trump declines to give deadline. Probably all done due to Spacex IPO
Today closing important.
#Nifty
Brent Oil now at 88.50. low of 17 April was 86.
Japan Futures +4%
European Markets 1.8 - 2%+
Singapore futures - 2% +
Australia (ASX200) futures - 2%+
Only a confirmation from Iran side is required that the deal is reached.
Nifty should open at 23425 - 23450 tomorrow.
#Nifty
MODI AND TRUMP LIKELY TO MEET NEXT WEEK AS INDIA-U.S. RELATIONS FACE CRUCIAL TEST
TRADE, VISAS, PAKISTAN AND IRAN SET TO DOMINATE EXPECTED MODI-TRUMP TALKS