Tesla stock

apparently the range of employees went from cafeteria workers, welders, engineers all the way to managers who benefited and became millionaires..

 

SpaceX's record-breaking initial public offering minted over 4,400 employee millionaires, including cafeteria staff. The historic event was made possible because SpaceX historically compensated workers at all levels—from launch engineers and welders to food service staff—with equity options to offset below-market salaries. [1, 2, 3]

 

I have traditionally layered investments based on risk and possible return.
Checking account. Low return, FDIC insured, low risk.
Money Market account. Mid-low return, FDIC insured, low risk.
Short term bond fund. Mid-low return. Medium risk.
I-Bonds. Mid return, Medium risk.
VTSAX stock fund. Mid to high mid return. High risk to capital.
Individual stocks. Mid to high returns. Highest risk to capital.

But are those risks true today given the budget deficits of the government supposedly backing some of the traditionally low risk ones?

 

That's been going up over the decades. We started buying in the 1990s

 

Even in gold mining stocks but it's hit or hiss turning on when you jump in

 

I know, I had considered it during the aughts recession, but thought it was overpriced

 

For some well put together sarcasm based on reality, this has to worth watching

I'm not sure if it's AI generated because there are so many cuts, clearly showing editing .... but anyway, worth your time and funny bone to watch it

T1 Terry

 

SpaceX Welder Becomes Millionaire After IPO: How Stock Made Juan Hernandez Rich in the New Blue-Collar Economy

 

Have they actually sold their shares and have the actual money in their hands, or is it just paper money, or fake AI generated?
I'm a millionaire on paper, I live in a motorhome parked on the concrete slab that was once our workshop, head over every so often to check on our driveway and block of dirt that was a house with a 180* uninterrupted view of the Murray River, till it burnt to the ground with our $250,000 motorhome ...... I own 2 motorhomes and a total of 13 cars.
On paper I'm worth a fortune, in reality, I live in a motorhome I've been working on for the last 18 mths to get roadworthy so we can at least register it to drive it on the road, we have a 15 mth old MG4 EV and a 2006 Gen 2 Prius that are drivable, the rest need a workshop for me to do the body and mechanical work to get them to their potential value. The '74 VW Kombi camper is potentially and insurance valued at $800,000, or more once it is EV converted if it is show quality, two other MG4 EV with very low kms, a Jag F series V6 petrol, immaculate condition, Mercedes V6 Elegance, a Lexus GS450h and so on ..... but they are need things fixing

So, on paper, probably a few million or more, in reality, cashed out as a quick sale, not a couple of million $$ ....... At the moment, we are lucky we have a roof over out head that doesn't leak water and all the conveniences of a house, and a place to park with power and water ....

In reality, Juan Hernandez and his family most likely don't own a house and are at constant risk of being arrested and deported. The difference between paper millionaire and reality ......

T1 Terry

 

And Juan likely could have had a higher wage working elsewhere.

A lot of people where also quite wealthy on October 23, 1929.

 

"Born in Mexico and later immigrating to the United States, Hernandez built his career through skilled trade work rather than a university engineering degree.
His path reflected the traditional American route of craftsmanship, technical skill and hard work rather than venture capital or elite technology credentials.
At SpaceX, he worked on critical launch infrastructure, helping construct and maintain the massive structures that support rockets on launch pads. Over a decade, he rose through the ranks from welder to supervisor, contributing to a company that transformed the global space industry.
Family First
Despite becoming a millionaire on paper, Hernandez has remained grounded.
Now working at Blue Origin, the space company founded by Jeff Bezos, he says he intends to keep working rather than retire early.
He credits his immigrant upbringing for instilling a strong work ethic and views the windfall as an opportunity to help his family rather than radically change his lifestyle.
He and his wife are raising three children, aged six, 10 and 16. Hernandez has already begun teaching his children about investing and ownership.
According to CBS News, his teenage daughter already owns shares in several public companies and has developed an interest in entrepreneurship"

That's just one account.... there are at least 4,399 more chapters in this latest edition of American success stories right here, right now in addition to many more books and chapters being written elsewhere in our country every day by people.

 

Pass the mashed potatoes please, oh & the stereotypes.

 

he'll need the money to evade ice detection

 

Just for some prospective, having worked at a company that IPO'ed. Employees have a black out period and cannot sell there shares for a couple of months. By that point the stock can have decreased dramatically. Also upon being awarded the shares at IPO a certain amount is already withheld and sold to pre pay taxes for you to shelter the employee from taxes. Employees are also not high priority in the pecking order and often get diluted in multiple stages during the IPO process. So they end up receiving far less stock than you might believe.