TL;DRElon Musk said on The Sean Hannity Show that SpaceX’s record IPO has probably made “several thousand” of his employees millionaires, framing years of stock grants as a deliberate policy to let staff share the upside. Estimates put the count at about 4,400 new millionaires and 400+ centimillionaires, spanning welders and machinists, not just executives. But the shares have already fallen from a post-IPO peak above $200 to below $148, and lockups keep much of the wealth on paper, while Musk retains 82% voting control.
Elon Musk says SpaceX’s blockbuster listing has probably made thousands of his employees millionaires. Asked on The Sean Hannity Show about a former welder whose stock topped $1m, he said the story was far from unique.
“It’s not just one welder, it’s several thousand people who were working on the production line,” Musk said, adding that early joiners likely hold stock now worth over a million dollars. He framed it as long-held policy, saying everyone at the company should “participate in the upside”.
“It’s great for aligning incentives,” he added, so that as the company prospers, its employees do too. SpaceX did not immediately respond to a request for comment.
The numbers behind the claim are large. Ahead of the 12 June listing, one pre-IPO trading platform estimated the offering would mint about 4,400 new millionaires and more than 400 centimillionaires.
