SpaceX going public today will create a reported 4,000 new millionaires. Most of the attention will go to @elonmusk becoming a trillionaire but he’s already wealthy, he can buy everything now. The 4,000 new millionaires are going to experience more transformative live changes.
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.
BREAKING: The House just voted 214-212 to pass the Senate's reconciliation bill to fund ICE and CBP with $70 billion over the next three years. The bill will now head to President Trump's desk for signature. Every Republican present voted yes, every Democrat present voted no. Rep. Kevin Kiley (I-CA) voted no.
Video submitted video on Sunday from the Dayton Kwik Trip.
"Suspect was seen by bystanders and Kwik Trip employees going through employee & customer cars parked off in non-pump parking spots.
Kwik Trip staff called the police and the suspect remained in their vehicle for 10+ mins.
Rogers PD was first to arrive on scene and put the driver at gun point. Hennipen County arrived second to assist with the removal and arrest of the suspect in the vehicle.
Maple Grove PD & Corcoran PD were last to respond. I did not see Dayton PD even though this is basically Dayton, MN at the border.
Police did mention that the Silver Chevy Impala was stolen also.
Suspect was a young male, wearing traditional Somali dress robes."
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Mukrab Ilyas Ismail, 05.08.2007-age 19, is in custody and is charged with felony auto theft.
Green Bay Packers running back Josh Jacobs has been arrested for allegedly strangling and suffocating a woman. Which sounds bad. But it could be worse per sports media — he could have introduced President Trump at a rally.
George Floyd went to jail 8 times.
In 2007, he held a gun to a woman’s stomach during an aggravated robbery.
George Floyd statues should be removed.
Raise your hand 🤚 if you agree
Quarterbacks Registered as Republican:
Dak Prescott
Jaxson Dart
Drake Maye
Justin Herbert
Josh Allen
Lamar Jackson
Patrick Mahomes
Bryce Young
Jared Goff
Joe Burrow
CJ Stroud
Daniel Jones
Kirk Cousins
Aaron Rodgers
Matthew Stafford
Cam Ward
Baker Mayfield
Brock Purdy
Tyler Shough
Kyler Murray
Bo Nix
Trevor Lawrence
Sam Darnold
Fernando Mendoza
Not disclosed:
Caleb Williams
Jayden Daniels
Jordan Love
Geno Smith
Malik Willis
Quarterbacks Registered as Democrat:
Jalen Hurts