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.
David Tepper never earned a single A in high school - then became the most profitable trader of his generation
Goldman Sachs made him head junk bond trader in 6 months - then denied him partnership twice
he walked away - started Appaloosa in 1993 with $57 million
in early 2009 the world was certain the banks would be nationalized - Tepper bought Bank of America at $3 and Citigroup near $1 while everyone else was selling
his fund made $7 billion that year - he personally took home $4 billion, the biggest payday in hedge fund history
"I am the animal at the head of the pack. I either get eaten, or I get the good grass."
he keeps a pair of brass balls on his desk - rubs them for luck during the trading day
today: $20+ billion net worth, owner of the Carolina Panthers
32-min - free. watch it
bookmark and watch it today
Joe Murphy of the @NBA photography crew was the one who captured this image.
A life changing moment for Joe. 📸
I will be in heavy pursuit of this image signed by Joe. The photographers are artists. The image will be on the walls of thousands of fans.
The photographers work is what creates a lasting impact in our head. Congratulations to Joe. 👏
That’s actually a real person doing that.
Ray Castoldi has been the stadium organist at Madison Square Garden since 1989, best known for playing during all the Knicks and Rangers games. He has played more shows at MSG than Billy Joel.
[📹 newyorknico]
SpaceX acaba de presentar AI1 que ejecuta solamente IA en el espacio, cómputo flotando en órbita.
En órbita todo cambia: el sol nunca se pone: energía gratis 24/7 y no hace falta agua: el calor se irradia directamente al vacío. El futuro.
$SPCX
SpaceX goes public tomorrow & institutional money will flood the entire sector. $NASA etf also has SPACE X exposure
$RKLB — Only scaled launch alternative. SpaceX IPO validates the market, RKLB gets the multiple expansion.
$ASTS — Highest-beta space name. Sector ETF inflows hit this first.
$PL — Space data pure-play. IPO headlines bring retail back to Earth imaging.
$FLY — Speculative flows lift all space-adjacent mobility names in a sector re-rating.
$LUNR — Only pure-play Moon stock. Artemis ecosystem gets a spotlight when SpaceX lists.
Today in 1973, the greatest horse race in history was run.
Secretariat won the Belmont Stakes by 31 lengths to become the Triple Crown winner and set a world record time that has never been beaten!
🎥: CBS Broadcast
NEW: Brian Singerman, fmr Founders Fund, now GPx, on why he only invests in *people*
SpaceX is the reason he joined Founders Fund in 2008
"If SpaceX didn't work, Founders Fund would not exist."
From Elon & SpaceX to Karp & Palantir, to Anduril, Airbnb, Stripe, & Stemcentrx, @briansin's whole framework is one question:
Is this the best founder in the world at their particular thing?
We get into:
- What makes Founders Fund unique: a team of strong-willed, genuinely authentic individuals
- Why a 3x fund loses to the S&P
- How a lifetime of strategy gaming shapes how he reads founders & now GPs
- Why he bets against the end of the world every time
- Why he's bullish on N-of-1 human cultural artifacts in an AI world
- Why Cyan Banister & Palmer Luckey are genuinely N-of-1 people
Thank you to @mlevchin, @traestephens & @ScottNolan for great questions
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Brian Singerman, Co-Founder of GPx, Former Partner at Founders Fund
(00:42) Founders Fund
(02:09) Max Levchin's unfiltered questions
(05:25) How gaming shaped his investing
(06:11) Joining Founders Fund in 2008
(07:34) Silicon Valley's most fascinating characters
(09:29) Lessons from Peter Thiel
(11:26) Building a culture of conviction
(11:59) The art of spotting A+ founders
(13:55) Trae's biggest lesson from Peter Thiel
(14:41) Is socialism a threat to America?
(15:58) Why capital is leaving California
(17:03) The obsession with Hawaii
(20:59) The Founders Fund playbook
(24:51) "If SpaceX didn't work, Founders Fund would not exist"
(26:03) Why Elon is one of one
(27:30) Why everyone knew Starlink would win
(28:42) Inside Founders Fund's biggest bets
(31:06) The Founders Fund founder archetype
(33:25) Backing fund managers instead of startups
(35:22) The new generation of GPs
(36:34) The most authentic people in tech
(41:38) Why other VCs aren't the audience
(44:05) Music, Memorabilia & N-of-1 Artifacts
(46:25) The story behind Brian's music studio
(49:22) What's next for Brian?
I've been getting so many questions about what I think will happen on SpaceX IPO day. Let me tell you the truth... no one knows. But I bet it's going to be super exciting.
What often happens with highly anticipated IPOs is that excitement drives the stock up quickly in the beginning. Everyone wants in, headlines are everywhere, and FOMO takes over. Expectations get stretched, and the stock can often end up running ahead of the actual business.
Then, the hard part comes.
The same people who were excited at the top start questioning everything during the first big pullback. Some sell out of frustration, others lose patience, and sentiment swings from extreme optimism to extreme pessimism.
Meanwhile, the SpaceX team keeps executing.
Historically, many great companies spend years in a quiet accumulation phase after its IPO. The stock goes nowhere, interest fades, and most people stop paying attention. That's often when smart long-term investors quietly build positions while the fundamentals continue to improve.
Eventually, if the business delivers, institutions step in. Pension funds, mutual funds, endowments, and large investors begin allocating serious capital. That's when a new phase starts, and the stock gets re-rated based on what the company has actually become rather than what people hoped it would become.
But the question I'm asking myself is will SpaceX follow this exact path?
Nobody knows. It could even rocket to $3-4T on day 1 and never look back as well...
But if history is any guide, I wouldn't be surprised to see early hype, a painful shakeout, a long period of boredom, and then a much bigger move years later as Starlink, launch services, AI infrastructure, and Mars-related missions become a reality.
Always remember, the biggest gains are often made by the people who can stay focused on the business while everyone else is focused on the stock price. The stock and the business are two different animals, and if you can stay laser focused on the long-term and ignore the noise, I believe the ones that hold long-term will be rewarded tremendously.
Five years. That's how long I chased this one. A script by Cameron Alexander that I fell in love with the moment I read it — a film that had passed through a lot of hands over the years, none of which quite knew what they were holding or how to treat it. I did. So I kept knocking, and I waited, until it was finally mine to look after.
I grew up around German Shepherds. My mum breeds and trains them, and I've always believed they're the best breed going — full stop. I wanted to make the definitive German Shepherd film, and in Cameron's pages, I saw it.
We redeveloped it together and brought on Andrew Simpson, the best dog trainer in the business — if you've seen the Malinois in John Wick, you've seen his work. Then I handed it to two dear friends, Damien Chazelle and Olivia Hamilton, who saw exactly what I saw: a gritty survival thriller made for the big screen. They took it to Paramount, who fell for it as hard as we had. Before I knew it, Brad Pitt had come aboard, with David Ayer directing — an absolute maestro — and we were shooting in New Zealand.
Here's the part that still gets me. Back in the 90s at Pinewood, I was a runner making Brad his tea and coffee on Interview with the Vampire. To now be one of the producers on what may be one of his very best films… I don't have a word for it other than: pinch me.
HEART OF THE BEAST. In cinemas September 25th.
I am so proud of this one. It's everything I hoped it would be.
And look — everybody loves a dog. It's about the only thing the whole world agrees on. So let me put your mind at ease right now: the dog does not die. You're welcome. 🐾
Time for kick-off of at FIFA #WorldCup2026 ⚽️
Latest update of where to watch it in 4K/UHD with Dolby Vision/HDR 📺 and Dolby Atmos, 5.1 or stereo 🔊 on cable, lPTV, OTT streaming, OTA broadcast (DTT) or DTH satellite 🛰️
Better legible overview this time: in high-res (near 4K)