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.
@volklub My car's fuel economy has dropped by 2 - 3 kmpl for sure in the recent past. It's a NA engine. No plans to buy another car for few more years, shelling out lacs of rupees in GST and other taxes. Jo hai usi se kaam chalana better hai.
@volklub@HondaCarIndia My FIL's 4th gen Honda city iDtech, which is 12 yrs old and has run 1.5 lacs Kms still feels so refreshing to drive. Honda is always a notch up in comfort !
@makemytripcare@makemytripcare I have yet to receive a response from any of your support teams. Your visa team remains unresponsive to my emails and phone calls. The enthusiasm that my family and I felt a week ago about our trip is now deteriorating into a distressing experience with MakeMyTrip
@makemytripcare@makemytrip@MakeMyTripIndia I have booked a holiday package with MakeMyTrip and visa service is part of it. My travel date is 20 may, I came to know that your vendor has still not submitted the visa appl till date though MakeMyTrip received docs on 18th April.
@makemytripcare@makemytripcare 48 hrs is an unreasonably long wait. Your visa team is not willing to share any status about my visa. Does it take so long for you ppl to get in touch with your visa team and provide an update ? This is ridiculous.
@makemytripcare@makemytripcare Despite my efforts to seek clarification from MakeMyTrip visa team, I have received unsatisfactory responses and unclear reasons for the visa delay. Today, when I reached out to the visa team, they did not confirm if the visa application has been filed yet.
@makemytripcare Do you have a separate email handle for the MMT delight team ? I was contacted by someone from that team regarding my concern. I want to copy them on the thread with the visa team, who have been unresponsive and not giving any assurance about the visa processing.
All my family members original passport and other documents have been with your team since 18th april and they have been sitting on it since then. No one is ready to take the onus for the delay and there is no answer to why an application for visa is not submitted yet.
@vfsglobalcare Iโm based out of Bangalore and am looking to get tourist visa for me and family to Singapore. How quickly can your team process this? My travel date is 20th may, the MMT visa team failed to apply for the visa on time, so I want to try alternate means.
They now want me to take my documents back since your vendor failed to apply for visa on time. They expect me to run around for the visa when there is only 13 days left before the travel. If not, cancel my trip and lose 90% of the money that I paid to MakeMyTrip.
@JVal48103 All men are the same. My wife gifted me a wallet for my last year Birthday, and I haven't switched over to the new one even after 6 months !
@ganeshsonawane@mrtechsense I bought the Frido aero mesh ergonomic chair a few days back as I WFH and tend to spend long hrs in front of my laptop. Liked the lumbar and neck support and the extra thigh support that this chair offers.
@Rainmaker1973 Not represented pictorial correct. The value of x (external angle) is the sum of two internally opposite angles, which would be 60 + 50 = 110 degrees.