My understanding is people are more frustrated today bc they feel something is wrong from the inside the company. Investor understood bold claims of FSD ready for next year as a guess only, now the tech is ready, precise announcement on rollout are being made but not executed and they do not communicate why.
SpaceX created over 4,400 millionaires today, and many of them are regular working people.
They are not executives or founders, they are welders, technicians, machinists, and launch crew, the people who showed up every day and built the rockets with their hands.
Around 400 of them are sitting on stakes worth over $100 million each.
For context, Google's IPO created roughly 1,000 millionaires. Facebook's created around the same. SpaceX is doing more than four times both of them in a single day.
Juan Hernandez is one of them.
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.