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SpaceX soon-to-be millionaires are set to spend big on luxury homes, watches and private jet travel
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- The Space X IPO is expected to mint thousands of new millionaires and multiple new billionaires.
- That newfound wealth could have a ripple effect across the luxury property markets near SpaceX's office hubs and boost spending on watches, private jet charters and other status symbols, experts told CNBC.
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A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
The Space X IPO is expected to mint thousands of new millionaires and multiple new billionaires. While current and former employees won't be able to sell their shares right away, some are already planning how to spend their windfall.
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