Sunday, June 14, 2026

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... - Shruti@heyshrutimishra
...because for two decades the company paid every level of the workforce in stock instead of higher salaries... 
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.



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