Meanwhile the spacex preIPO coin drops 80%. Anyone who puts money in this is going to lose their shirt and then their pants.
More than 4,400 current and former SpaceX employees are likely to become millionaires in the I.P.O., according to an analysis by Hill.com, a San Francisco-based investment platform. Of those, about 400 are expected to earn $100 million or more.
With most I.P.O.s, “you’re usually only going to see the founders become billionaires,” said Andrew Benson, the founder and chief executive of Hill.com, which has facilitated the trading of private SpaceX shares. “It’s uncommon to have 400 people at that threshold” of $100 million, he added. “It speaks to the enormous wealth that’s being created here.”
A SpaceX spokesman did not return a request for comment.