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.
WHOA: Spencer Pratt just went NUCLEAR on Karen Bass and Nithya Raman in a new video posted to X.
“You think your election was going to stop me? If you want to stop me, you’re going to have to f*cking kill me!”
He warned that he has recordings of one of the candidates that will force her to “resign in shame,” and said the gloves are now completely off.
PRATT: “You’re about to reward the arsonist who torched the place with four more years of destruction?”
“My goal hasn’t changed. I’ve been very focused on stopping these commie animals and I will stop them.”
“If you think we uncovered a lot of fraud and evil in the campaign, just wait.”
“We have some recordings of one of your exalted candidates doing and saying something that would make her resign in shame.”
“I was saving it for the general election. Go ahead and pick your demon, certify your choice and then you get to see it.”
“So Karen, Nithya, ask yourself, is it possible that one of your employees may have a recording of you doing or saying something that would force you to resign in disgrace?”
HOLY SMOKES: Nick Shirley just said he’s going to expose “ALL of California” if he has to. LET’S GO
NICK SHIRLEY IS JUST GETTING STARTED
KEEP GOING NICK 👏