I think everyone just needs to shut up for a minute and go watch some videos of European soccer fans discovering America—a totally unexpected 250 gift.
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.
I swear you can’t make this shit up:
HB26-1289 might be one of the most aggressively “don’t look over here” bills of the entire session.
This thing is basically Colorado government emptying your wallet while explaining that it’s technically not stealing because they used the phrase “tax expenditure modernization.”
Because in Colorado politics nothing is EVER called:
- higher taxes
- more revenue extraction
- government needing more money
No no no.
Everything gets wrapped in consultant language like a mobster putting a silk glove on before robbing you.
Colorado lawmakers could mug somebody in an alley and call it a “wallet equity redistribution initiative.”
It’s:
- “modernization”
- “restructuring”
- “alignment”
- “adjustments”
- “reclassification”
- “federal conformity”
- “revenue optimization”
Brother lawmakers could mug a guy in LoDo at 2AM and call it a “voluntary liquidity reallocation initiative.”
And buried inside HB26-1289 is a whole buffet of:
- removing exemptions
- changing deductions
- expanding taxable categories
- shifting conformity rules
- tweaking tax credits
- and moving money around with the type of accounting gymnastics that would make the IRS say “damn calm down.”
The funniest part is how this stuff always gets presented.
Every press release sounds like:
“This bill responsibly modernizes Colorado’s fiscal framework for long-term sustainability.”
Meanwhile the average Colorado resident is sitting there like:
“My insurance went up $180, eggs cost more than ammunition, my registration fee looks like a mortgage payment, and now the state is digging through my pockets like a raccoon in a campground.”
At this point Colorado budgeting feels like a guy who maxed out six credit cards, refinanced the truck twice, took out a HELOC, and is now trying to convince his wife the real issue is they’re not monetizing the garage enough.
And when people get frustrated, lawmakers act shocked.
Brother you cannot keep:
- removing ways people keep their money
- expanding what gets taxed
- shifting revenue streams around
- and inventing new fiscal wizardry every session
…and then act confused when taxpayers start looking at the Capitol like it’s an organized crime syndicate with committee hearings.
#copolitics