SpaceX's IPO may give birth to 400 billionaire employees BlockBeats news, on June 12th, according to Fortune magazine, as SpaceX completes its largest IPO in history, the company is preparing to create a stunning wealth effect - benefiting not only its billionaire founder but also potentially thousands of employees and investors. The largest increase in wealth will flow to company executives and early insiders. SpaceX's Chief Operating Officer (COO) Gwynne Shotwell and Chief Financial Officer (CFO) Bret Johnsen are both expected to hold shares worth over $1 billion. SpaceX director and founder of Valor Equity Partners, Antonio Gracias, may hold shares with a final value of approximately $65 billion; Another director, Luke Nosek, is expected to hold shares worth approximately $5 billion. But wealth creation is not limited to the executive level. According to an analysis by Hill, an investment platform based in San Francisco, the value of the shares held by approximately 400 current and former SpaceX employees is expected to exceed $100 million. In other words, SpaceX's IPO not only has the potential to create a new generation of tech tycoons, but also has the potential to become one of the largest employee wealth creation events in Silicon Valley history. Overall, it is expected that over 4400 current and former SpaceX employees will become millionaires in this IPO. [Original link]