SpaceX IPO Could Create 400 Millionaire Employees

June 12, via Fortune: SpaceX is on track to close the largest IPO in history, a milestone poised to generate an unprecedented wealth effect—benefiting not only its billionaire founder but also thousands of employees and investors. The biggest gains will flow to top executives and early insiders. SpaceX COO Gwynne Shotwell and CFO Bret Johnsen each hold stakes expected to be worth more than $1 billion. For Antonio Gracias, a SpaceX director and founder of Valor Equity Partners, his shares could eventually be valued at around $65 billion. Another director, Luke Nosek, stands to hold roughly $5 billion in SpaceX stock. Wealth creation isn’t limited to the executive level, though. According to analysis from Hill, a San Francisco-based investment platform, approximately 400 current and former SpaceX employees hold shares worth over $100 million each. That means SpaceX’s IPO won’t just create a new generation of tech billionaires—it’s also on track to be one of the largest employee wealth-building events in Silicon Valley history. Overall, an estimated 4,400+ current and former SpaceX staff will become millionaires through this offering.