Elon Musk created 4,400 millionaires in one day with SpaceX.
Nearly 400 individuals have a net worth of over $100 million.
They aren't bankers or VCs.
They're welders, technicians, mechanics—even cafeteria staff.
For twenty years, SpaceX has distributed stock to all levels of employees, not just the execs.
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Juan Hernandez, a Mexican immigrant, joined in 2015, earning $28 an hour, not even knowing what SpaceX was.
The company gave him $10,000 in stock, plus he could use payroll deductions to buy more.
Today, it's worth $880,000.
---
Trevor Hays has been with SpaceX for 12 years, accumulating over 100,000 shares.
Based on the IPO price, that's $13.5 million.
At 37, he can retire now.
He says, "This scale is just absurd."
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The most absurd detail:
Before the IPO, over 100 employees quietly banded together to hire a wealth manager—one capable of managing $5 billion in assets.
Many of them have never thought they’d need a wealth manager in their lives.
---
For decades, tech company IPOs have made millionaires out of programmers.
This time, the wealth is flowing to the factory floor.
Whoever takes risks, works hard, and creates value—reaps the rewards.
This is how capitalism should work.
What's your take?
#SpaceX #IPO #StockOption
Nearly 400 individuals have a net worth of over $100 million.
They aren't bankers or VCs.
They're welders, technicians, mechanics—even cafeteria staff.
For twenty years, SpaceX has distributed stock to all levels of employees, not just the execs.
---
Juan Hernandez, a Mexican immigrant, joined in 2015, earning $28 an hour, not even knowing what SpaceX was.
The company gave him $10,000 in stock, plus he could use payroll deductions to buy more.
Today, it's worth $880,000.
---
Trevor Hays has been with SpaceX for 12 years, accumulating over 100,000 shares.
Based on the IPO price, that's $13.5 million.
At 37, he can retire now.
He says, "This scale is just absurd."
---
The most absurd detail:
Before the IPO, over 100 employees quietly banded together to hire a wealth manager—one capable of managing $5 billion in assets.
Many of them have never thought they’d need a wealth manager in their lives.
---
For decades, tech company IPOs have made millionaires out of programmers.
This time, the wealth is flowing to the factory floor.
Whoever takes risks, works hard, and creates value—reaps the rewards.
This is how capitalism should work.
What's your take?
#SpaceX #IPO #StockOption