Garry Marr: SpaceX employee millionaires bet big and won but what about the losers?

2 weeks ago 8

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Elon Musk, founder and CEO of SpaceX, speaks via video before the ringing of opening bell at the Nasdaq Marketsite at the launch of the company's initial public offering on June 12, 2026, in New York City. Four hundred SpaceX employees found themselves worth US$100 million overnight from stock options.

Space Exploration Technologies Corp.’s i nitial public offering last month created 4,400 instant millionaires; it was the bet of a lifetime for some employees of the American spaceflight, telecommunications and artific...

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