4,000 Current and Former Spacex Employees Become Millionaires After IPO Including Cafeteria Workers

Article excerpt

SpaceX's anticipated initial public offering is expected to create roughly 4,000 millionaires among current and former employees, from engineers to cafeteria workers. The windfall has sparked ambitious spending plans: luxury real estate, high-end watches, and private jet travel top employees' wish lists. The broad distribution of wealth across job categories, extending to support staff, illustrates how equity compensation at the aerospace company has penetrated beyond executive ranks, potentially transforming the financial lives of thousands of workers.