BitalkNews
BitalkNews|Jun 12, 2026 03:39
From rocket engineers to cafeteria staff, the SpaceX IPO is expected to create over 4,400 millionaires. For the past decade, SpaceX has included stock options and an Employee Stock Purchase Plan (ESPP) as part of its compensation package. Many employees have accepted relatively lower cash salaries and more intense workloads in exchange for company equity. Back in 2012, SpaceX stock was priced at just $13.8 per share. With the IPO price set at $135 per share, the company’s valuation is around $1.75 trillion. Many ordinary employees now hold shares worth millions of dollars. And it’s not just engineers and executives—cafeteria staff, warehouse workers, and blue-collar launch site employees are also part of this success story. Some have used their stock earnings to pay off mortgages, fund weddings, or even achieve financial freedom. Take welder Juan Hernandez, for example. He joined SpaceX in 2015 with an hourly wage of $28 and initially received about $10,000 in stock rewards. By consistently buying and holding shares, his holdings are now worth nearly $900,000 based on the $135 IPO price. According to calculations by http://(Hill.com), over 4,400 current and former employees will become millionaires post-IPO, with around 400 of them having net worths exceeding $100 million. ✨
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