SpaceX going public could create 400 billionaire employees

Mars Finance News, June 12 — According to Fortune magazine, as SpaceX completes the largest IPO in history, the company is preparing to create an astonishing wealth effect. Beneficiaries will include not only its billionaire founder, but potentially also thousands of employees and investors. The largest increase in wealth will flow to company executives and early insiders. The shares held by SpaceX Chief Operating Officer (COO) Gwynne Shotwell and Chief Financial Officer (CFO) Bret Johnsen are both expected to be worth more than $1 billion. The shares held by SpaceX director and Valor Equity Partners founder Antonio Gracias are ultimately expected to be worth approximately $650 billion; another director, Luke Nosek, is expected to have shares valued at about $50 billion.

But wealth creation is not limited to executives. According to analysis by Hill, an investment platform headquartered in San Francisco, the shares held by about 400 current and former SpaceX employees are expected to be worth more than $100 million. In other words, SpaceX’s listing may not only create a new generation of tech billionaires, but also become one of the largest employee wealth-creation events in Silicon Valley history. Overall, it is expected that more than 4,400 current and former SpaceX employees will enter the ranks of millionaires in this IPO.