Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.<\/p>\n
SpaceX\u2019s (NASDAQ: SPCX) long-awaited market debut finally arrived on June 12, turning the rocket company into the biggest IPO story in history (1). Shares jumped nearly 19% during the first day of trading, sending its valuation to an eye-popping $2.1 trillion and transforming Elon Musk into the world\u2019s first trillionaire.<\/p>\n
But Musk wasn\u2019t the only person who walked away with a life-changing payday. Thousands of SpaceX employees also saw their stock holdings skyrocket in value, with an estimated 4,400 workers becoming millionaires overnight (2).<\/p>\n
Top Picks <\/p>\n
The ultra-rich use these 5 real estate strategies to build wealth while they sleep \u2014 you can start with just $100<\/a><\/p>\n The IRS usually taxes gold as a collectible \u2014 but this little-known strategy lets you hold physical bullion tax-free. Get your free guide<\/a> from Priority Gold<\/p>\n Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake \u2014 here\u2019s how to fix it ASAP<\/a><\/p>\n Among them was 27-year-old mariner Maryellyn Musselman, who was tasked with cleaning up floating rocket junk from the company\u2019s many launches (3).<\/p>\n Insiders who leaned in are now set to cash in <\/p>\n During her tenure at the firm, Musselman took advantage of the option to convert a portion of her paycheck (in her case, 10%) into SpaceX equity, which she held onto rather than reselling via secondary insider sales (3).<\/p>\n She remains tight-lipped about what her stake, which also includes shares she received as part of her compensation, amounted to after two years with the company \u2014 or is worth now following SpaceX\u2019s historic debut on Nasdaq.<\/p>\n Musselman did confirm with The Wall Street Journal (3), however, that she hasn\u2019t yet decided how quickly after the IPO she will release her holdings, the money from which she intends to use to open her own business, like others interviewed by the outlet earlier in June.<\/p>\n Read More: Thanks to Jeff Bezos, you can become a landlord for $100 \u2014 without the headache of actually being one<\/a><\/p>\n Predictions for the IPO and future stock valuations <\/p>\n Some experts purport that a $5,000 investment on Friday could realistically be worth (4) up to $8,745 in five years\u2019 time. Others expect that, given the company\u2019s speculative and arguably overvalued (5) nature, some early public investors could be in for \u201can expensive lesson\u201d (6) down the line.<\/p>\n As one Reddit user (7) aptly wrote in a recent discussion about the IPO, \u201cNo one knows; SpaceX could rocket just from hype alone or its financial reality might hit it on day one.\u201d<\/p>\n The IPO filing itself contained some revelatory financials, including for SpaceX\u2019s AI arm, xAI, which reported operating losses of $6.4 billion last year. It only brought in $3.2 billion (8) in revenue \u2014 pretty standard for AI (9), though still cause for concern for those who worry about the sector\u2019s potential future profitability and questionable returns (10) on billions in capital expenditures.<\/p>\n Among the aforementioned early investors are some of the big banks\u2019 and funds\u2019 most esteemed (read: wealthy) clients, who are already at the front of the line for shares. A whopping $500 million in fees (11) is anticipated to be on the table as a result of the transactions.<\/p>\n Shareholding staffers include baristas, technicians <\/p>\n As noted by the WSJ, (4) and exemplified by Musselman, it\u2019s not just desk workers who received SpaceX stock awards over the years, but also other salaried staff, ranging from baristas to welders. But, it will be the executives, such as SpaceX President Gwynne Shotwell and Board Member Antonio Gracias, who stand to gain the most, with billions in estimated share valuations (12).<\/p>\n One analyst who appeared on CNBC\u2019s Squawk Box last week called the IPO (12) \u201cone of the biggest liquidity events ever,\u201d not only elevating Musk to the status of the world\u2019s first trillionaire (13), but creating \u201cseveral new billionaires and countless millionaires\u201d as well. For reference, a 1% stake, at the $1.7+ trillion valuation the company is expected to hit after this round of financing, will be equivalent to $17 billion (14).<\/p>\n Missed out on SPCX? Here\u2019s what you can do <\/p>\n While the SpaceX IPO created a wave of excitement, some analysts believe the company\u2019s current price leaves investors exposed if growth doesn\u2019t match expectations.<\/p>\n CFRA initiated coverage of SpaceX with a \u201csell\u201d rating on Friday and set a 12-month price target of $115 \u2014 roughly 29% below the stock\u2019s closing price in those early days. The firm attributed its rating to SpaceX\u2019s \u201cextremely ambitious growth strategy, elevated valuation expectations, and significant capital intensity (15).\u201d<\/p>\n That doesn\u2019t mean investors have to give up on finding the next breakout stock. If you\u2019re searching for potential winners without chasing companies trading at extreme valuations, tools like Moby can help uncover overlooked opportunities.<\/p>\n For those who don\u2019t have time to comb through earnings reports, economic data and market trends every day, having professional research in your corner can make a big difference.<\/p>\n Moby\u2019s team of former hedge fund analysts<\/a> and experts spend hundreds of hours each week sifting through financial news and data to provide you with breaking stock recommendations.<\/p>\n And if you sign up for Moby Premium you get one free top stock<\/a>.<\/p>\n Moby\u2019s success speaks for itself. The platform\u2019s stock picks have outperformed the S&P 500<\/a> index by about 11.9% over the past four years.<\/p>\n Even better, Moby offers a 30-day money-back guarantee<\/a> so you can see if the service is right for you.<\/p>\n Keep trading costs low <\/p>\n SpaceX\u2019s IPO may have reminded investors that fortunes can be made in the stock market \u2014 but getting in early on the next big public offering isn\u2019t always as simple as it looks.<\/p>\n Many IPOs experience sharp swings after debuting. And while some new listings go on to become long-term winners, others struggle once the initial excitement fades.<\/p>\n For everyday investors hoping to participate in future IPO opportunities, keeping costs low is one of the easiest ways to protect long-term returns. Even small fees can quietly chip away at your gains over years of investing.<\/p>\n That\u2019s where discount brokers like SoFi shine.<\/p>\n SoFi\u2019s easy-to-use DIY investing platform lets you buy stocks, ETFs and more<\/a> with no commission fees and no account minimums.<\/p>\n The platform is designed for both beginners and seasoned investors, with real-time investing news, curated content and the data you need to make smart decisions about the stocks that matter most to you. What\u2019s more, SoFi Active Invest members can access IPOs before they trade on an exchange.<\/p>\n Plus, for a limited time you can get up to $1,000 in stock<\/a> when you fund a new account.<\/p>\n Build better financial habits <\/p>\n It\u2019s tempting to jump into the latest IPO or chase whichever stock is dominating headlines. But IPO investing comes with plenty of risks, including unpredictable pricing, sharp volatility and potential lock-up periods that can prevent early investors from selling shares right away.<\/p>\n Rather than chasing the next trend, consider building a consistent investing routine with a diversified portfolio or broad-market index funds.<\/p>\n One way to stay disciplined is to automate your investing. Apps like Acorns<\/a> allow users to invest spare change from everyday purchases automatically, helping them steadily build wealth without having to think about every market move.<\/p>\n All you have to do is link your cards and Acorns will round up each purchase to the nearest dollar, investing the difference \u2014 your spare change \u2014 into a diversified portfolio of ETFs<\/a> managed by experts at leading investment firms like Vanguard and BlackRock.<\/p>\n While those amounts may seem small, consistency can be surprisingly powerful. Over time, those small deposits can snowball into a meaningful portfolio. Investing just $20 each week for 30 years can help you save over $179,000, assuming it compounds at 10% annually.<\/p>\n With Acorns, you can invest in an index ETF with as little as $5 \u2014 and, if you sign up today and set up a recurring investment, Acorns will add a $20 bonus<\/a> to help you begin your investment journey.<\/p>\n \u2014 With files from Becky Robertson<\/p>\n You May Also Like <\/p>\n Join 250,000+ readers and get Moneywise\u2019s best stories and exclusive interviews first \u2014 clear insights curated and delivered weekly. Subscribe now.<\/a><\/p>\n Article Sources <\/p>\n We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines<\/a>.<\/p>\n CNBC (1<\/a>), (15<\/a>); New York Times (2<\/a>), (11<\/a>); The Wall Street Journal (3<\/a>); The Motley Fool (4<\/a>); Fortune (5<\/a>); The Globe and Mail (6<\/a>); Reddit (7<\/a>), (9<\/a>); TechCrunch (8<\/a>), (14<\/a>); CNBC (10<\/a>); CNBC Television\/ YouTube (12<\/a>); CNN (13<\/a>)<\/p>\n This article provides information only and should not be construed as advice. It is provided without warranty of any kind.<\/p>\n","protected":false},"excerpt":{"rendered":"Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. SpaceX\u2019s (NASDAQ:…\n","protected":false},"author":2,"featured_media":506254,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[1890,605,61,60,216413,216414,82,247,8671],"class_list":["post-506253","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-dave-ramsey","tag-elon-musk","tag-ie","tag-ireland","tag-maryellyn-musselman","tag-musselman","tag-science","tag-space","tag-the-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/506253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=506253"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/506253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/506254"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=506253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=506253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=506253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}