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.
Jewish poker champion, and billionaire businessman Cary Katz, was involved in one of the most insane hands - ever - at the World Series of Poker (WSOP) $1,000,000 Buy-In Event.
https://t.co/XpQJKbZcto
🚨 U.S. National Debt just hit $39 trillion
The last trillion was added in just 146 days.
That’s $6.85 billion every single day.
Or $79,282 every second.
Interest costs now exceed $1T annually.
Love this behind-the-scenes story about the Seinfeld "Marine Biologist" episode I shared yesterday...
"It has to be Titleist... it's the funny golf ball." 😄
🚨🗣️🔥 #POST ROUND — “God gave me a talent. I knew it was coming. Nobody else has to believe in me but me. For anybody struggling, you can get through anything.”
— Anthony Kim on overcoming addiction to complete one of the greatest comebacks in sport.