SPCX

SpaceX's historic IPO hides thousands of stories of ordinary people

SpaceX employees, including welders and technicians, became millionaires thanks to a stock compensation program that the company operated for twenty years.

By the SpyStocks desk · 2mo ago · 1 min read

SpaceX's historic IPO hides thousands of stories of ordinary people whose dream came true.

Here is one example:

This man immigrated to the US from Mexico and worked as a welder at SpaceX.

He received $10,000 in stock and earned $28 per hour for 10 years.

After an IPO, his holding in $SPCX is worth almost a million dollars!

He is one of 4,400 employees who became millionaires today!

Of these, over 400 employees are worth more than a hundred million dollars!

These are not venture capitalists.

These are SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for twenty years the company paid all levels of the workforce in stock instead of higher salaries.

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