Musk says he always wanted SpaceX staff to get rich, and thousands just did
TL;DR
Elon Musk said on The Sean Hannity Show that SpaceX’s record IPO has probably made “several thousand” of his employees millionaires, framing years of stock grants as a deliberate policy to let staff share the upside. Estimates put the count at about 4,400 new millionaires and 400+ centimillionaires, spanning welders and machinists, not just executives. But the shares have already fallen from a post-IPO peak above $200 to below $148, and lockups keep much of the wealth on paper, while Musk retains 82% voting control.
Elon Musk says SpaceX’s blockbuster listing has probably made thousands of his employees millionaires. Asked on The Sean Hannity Show about a former welder whose stock topped $1m, he said the story was far from unique.
“It’s not just one welder, it’s several thousand people who were working on the production line,” Musk said, adding that early joiners likely hold stock now worth over...
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