Roughly 4,400 current and former SpaceX employees are expected to become millionaires from the company's $SPCX IPO, with hundreds reportedly holding stakes worth tens of millions of dollars or more.
According to reports, this is highly unusual. Most IPOs I have seen and heard about only create wealth primarily for founders and top executives, but SpaceX's employee ownership structure has allowed thousands of engineers, welders, technicians, and other staff to participate in the upside.
SpaceX's IPO is also one of the largest public listings ever, making it a historic moment not just for the company, but for the employees who helped build it.
This is not just Elon's win, this is thousands of engineers and welders winning quietly too. 💰
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