SpaceX’s I.P.O. Could Turn 4,400 Employees Into Millionaires

THE NEW YORK TIMES: While Elon Musk may soon become a trillionaire, his rocket company’s market debut is set to the change the lives of its current and former employees, too.

Screenshot taken from this NYT article. | Chelsea Beck
As Trevor Hise was getting ready to graduate from college in 2011, his parents wanted him to take what they saw as a stable job at General Electric. But Mr. Hise had landed an internship at a start-up he loved. Against his parents’ advice, he stayed for a full-time job at that young company for the next 12 years.

The start-up was Elon Musk’s SpaceX.

Today, Mr. Hise has more than 100,000 SpaceX shares that he earned from his time working there. With the rocket maker expected to go public this week at $135 a share, Mr. Hise’s SpaceX stock is likely worth at least $13.5 million — a sum that has left him in disbelief.

“The magnitude of this has been ridiculous,” said the 37-year-old, who worked as a SpaceX launch engineer and now considers himself semiretired.

SpaceX’s journey to the stock market has been defined by a series of superlatives. It is the biggest-ever initial public offering of the most dominant space company by the world’s richest man. And it is set to unleash generational wealth if its shares soar in its trading debut at the whopping valuation of $1.77 trillion, five times the market capitalization of General Electric.

SpaceX’s I.P.O. is expected to make a lot of rich people even richer. First in the queue is Mr. Musk, 54, who is likely to become the world’s first trillionaire. His friends, along with Silicon Valley venture capitalists, private investment firms and others who put money into the company, are also set to reap billions. » | Kirsten Grind Reporting from San Francisco | Wednesday, June 10, 2026

The Biggest IPO Ever | Planet Finance (4/6)

Aug 19, 2023 | Although the financial industry in China is still in its infancy, 7% of Chinese people are already investing, and millions more are being added every month. Western investors are also lining up to benefit from China's economic growth. For years, Wall Street gave China wide latitude to raise money on the international capital market, such as with Jack Ma's Alibaba IPO. In 2020, when Ma also wanted to take his new company Ant Group public he no longer did so on Wall Street but simultaneously in Shanghai and Hong Kong. That plan strained the relationship between China and Planet Finance. By whose rules will the game ultimately be played?

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Will Aramco's IPO Succeed? I Inside Story

Saudi Arabia's crown jewel and the world's largest oil producing firm, Aramco, is now set to go public after several delays.

The initial public offering, or IPO, will be on the Saudi stock exchange. How much of the company's for sale and at what price, will be determined later.

Part of the Crown Prince's economic plans for the kingdom, the flotation aims to raise billions of dollars. But estimates of how much it might actually draw, vary widely. Mohammed Bin Salman wants a $2 trillion price tag, many bankers put it at $1.5 trillion.

But can ARAMCO's IPO satisfy his ambitions? And what, if any, are the risks?

Presenter: Dareen Abu Ghaida | Guests: Mohammed Cherkaoui, author and senior fellow at Al Jazeera Centre for Studies; Jeff Colgan, associate professor at Brown University and author of 'Petro-Aggression: When Oil Causes War'; Joseph Kechichian, senior fellow at King Faisal Center for Research and Islamic studies