SpaceX IPO Could Create 400 Millionaire Employees

BlockBeats News, June 12th, According to Fortune magazine, as SpaceX completes the largest IPO in history, the company is poised to create an astonishing wealth effect — beneficiaries will include not only its billionaire founder but also potentially thousands of employees and investors.

The biggest wealth increment will flow to company executives and early insiders. Shares held by SpaceX's Chief Operating Officer (COO) Gwynne Shotwell and Chief Financial Officer (CFO) Bret Johnsen are both expected to be worth over $1 billion. Shares held by SpaceX director and Valor Equity Partners founder Antonio Gracias could ultimately be valued at around $65 billion; another director, Luke Nosek, is expected to have shares valued at around $5 billion.

But wealth creation is not limited to the executive level. According to analysis by Hill, a San Francisco-based investment platform, approximately 400 current and former SpaceX employees are expected to have shares worth over $100 million. In other words, SpaceX's IPO is not only expected to create a new generation of tech billionaires but also has the potential to be one of the largest employee wealth creation events in Silicon Valley history. Overall, it is estimated that over 4,400 current and former SpaceX employees will become millionaires through this IPO.