#SpaceXIPOUSStocksOpenHigher SpaceX welder becomes millionaire after company goes public
After SpaceX's successful IPO, not only investors and Elon Musk were in the spotlight, but also ordinary employees of the company.
After SpaceX's successful IPO, not only investors and Elon Musk were in the spotlight, but also ordinary employees of the company.
What is known
One of them is Juan Hernandez, who came from Mexico and works as a welder at SpaceX, earning about $28 per hour.
After switching to full-time employment in 2015, SpaceX gave him a stock package worth $10,000. In addition, the employee regularly bought up the company's securities from his salary for about 10 years.
After SpaceX went public and the shares rose to $167, the value of his package exceeded $1 million. The story quickly spread on social networks after Elon Musk reposted it.
The company's employee equity programs have allowed thousands of employees to become co-owners of the business. For some of them, long-term ownership of shares has become a serious source of wealth after the company went public.
Recall
It was previously reported that after SpaceX went public, more than 4,000 current and former employees will become dollar millionaires. Another 400 people may receive share packages worth more than $100 million, thanks to the company's long-term incentive system.
SpaceX's historic IPO ended with a strong increase in quotes. On the first day of trading on Nasdaq, the company's shares rose by 19%, reaching $160.95 per share.
Thanks to this, the market value of SpaceX increased to $2.1 trillion, which allowed the company to enter the largest US corporations and bypass Broadcom and Amazon in terms
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