"This Is Truly Rare"... 4,400 Employees to Become Millionaires Overnight

On June 12 (local time), it is predicted that approximately 4,400 current and former employees of SpaceX will become millionaires following the company's initial public offering (IPO). Of these, around 400 are expected to become billionaires.

On June 10 (local time), The New York Times (NYT), citing investment platform Hill.com, reported these findings. The total number of SpaceX employees is about 22,000.

SpaceX facility in Texas, USA. Photo by Reuters Yonhap News

Trevor Heis, who worked as a launch engineer at SpaceX for 12 years before leaving the company in 2023, acquired over 100,000 shares during his tenure. The current estimated value of these shares is about 13.5 million dollars. Gavin Pretty, a former launch director engineer who joined SpaceX in 2012 and left in 2023, received thousands of shares at a value of 13.8 dollars per share, along with an annual salary of 80,000 dollars at the time. He currently holds more than 50,000 shares. He described this IPO as "an event like the Coca-Cola or Google IPOs of my era."

The biggest beneficiary of this IPO is Elon Musk, CEO of SpaceX. It is anticipated that CEO Musk will become the world’s first “trillionaire” through SpaceX’s IPO.

According to Bloomberg News, demand for this IPO is expected to exceed four times the number of shares issued, suggesting it will be an unprecedented blockbuster. SpaceX's offering price is set at 135 dollars per share, and the company’s valuation is projected to reach 1.77 trillion dollars.

Andrew Benson, CEO of Hill.com, commented, "It is rare for as many as 400 people to possess assets exceeding 100 million dollars," adding, "This demonstrates the tremendous wealth being created at SpaceX." However, not all SpaceX employees own shares. Some employees believed the company would not go public because CEO Musk had previously expressed reluctance toward an IPO. There is even an employee who exchanged shares for restaurant gift certificates, and it is reported that this employee now regrets that decision.

This content was produced with the assistance of AI translation services.