Elon Musk isn't the only one getting richer from SpaceX going public.

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The stock’s surge is estimated to have turned about 4,400 current and former employees into millionaires through equity compensation accumulated during their time at the company.

SpaceX’s long-awaited IPO raised a record $75 billion, valuing the company at roughly $1.8 trillion.

The offering also pushed Musk’s estimated net worth past the $1 trillion mark, further cementing his position as the world’s richest person.

Now Wall Street is watching to see whether the stock's early trading can drive SpaceX’s valuation even higher, rewarding employees and investors who backed the company during its rise.

Categories: Finance, Bitcoin, Gold, Stocks

Tags: spacex billionaire elon musk 666

3 +1 Tuukka 1 day ago

Elon getting rich of his own own money is fine.
When politicians are getting rich off of our tax dollars, that is not fine.

1 +1 MarGarTar 1 day ago

tick tick tick...

no photo

3 +1 tommix1 1 day ago

NASA is a screw job and should be abandoned for Space X. They don't make money they spend it.

0 +1 JobyFluorine 8 hours ago

@tommix1 I've been saying that for years. Exactly that. Then the nitwits will say, "What about all the revolutionary tech that we've got in the civilian sector because of them"? That shit would have happened anyway. Nothing drives tech forward more than capitalism. I guess we wouldn't have toilet seats, hammers and velcro if NASA didn't exist.

4 +1 FacelessMen 1 day ago

And around 40 non-executive positions will be worth over $100 million after a SpaceX IPO. I still remember seeing an image of SpaceX from its early days, when Elon and the team was working in a large tent, examining the pieces of a rocket that had failed and exploded. They've come a long way and become very successful, even though many people predicted that the company would fail.