8 Articles
8 Articles
HOT STOCK: SpaceX IPO is making even its welders rich
A welder named Juan Hernandez joined SpaceX in 2015 at $28 an hour. He took stock instead of a fatter paycheck. The day the company was listed, those shares were worth about $880,000.He has company. More than 4,000 current and former SpaceX employees became millionaires when the company began trading on the Nasdaq at $135 a share. The valuation hit $1.77 trillion, the seventh-largest public company and ahead of Tesla. It was the biggest IPO ever…
SpaceX's IPO has not only made Elon Musk the first billionaire – but also 4,400 employees as millionaires. Among them: a welder who works for the competition today.
Why Elon Musk's Real Net Worth is Estimated At $230-$270 Billion After SpaceX IPO
Conflicting figures continue to circulate around Elon Musk’s wealth, with most major trackers reporting numbers in the hundreds of billions to over a trillion dollars. A new analysis from Congress.net puts his realistically liquid net worth at between 230 and 270 billion dollars, a figure substantially lower than the headline estimates currently making the rounds. The discrepancy stems from how wealth trackers calculate figures for individuals w…
SpaceX IPO Launches World's First Trillionaire
The SpaceX IPO pushed Musk's combined net worth to roughly $1.1 trillion, fueled by his massive equity stakes in both SpaceX and Tesla. Inflation numbers showed continued a continued rise. Annex Wealth Management's Dave Spano and Brian Jacobsen discuss.

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