This is how rich SpaceX workers are after the IPO

SpaceX’s IPO has created thousands of paper millionaires across the company’s workforce, including welders, machinists, technicians and executives, after shares were priced at $135 and the company debuted at an implied $1.77 trillion valuation. More than 4,400 current and former employees were reported to have become millionaires on paper, with about 400 expected to hold stakes above $100 million. But the wealth is volatile: shares opened at $150, hit an intraday high of $225.64, then fell to $145.07, about 35% below the post-debut peak, erasing substantial paper gains. Lockup provisions also limit employees’ ability to cash out, with staged unlocks extending to day 180 and most insiders only able to sell 20% after the first quarterly report. The article frames the IPO as a major wealth-creation event, but one that remains tied to stock performance and delayed liquidity, making the newly minted fortunes uncertain.