New SpaceX millionaires are reinventing the business of managing large wealth
Key takeaways
- Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
- Thousands of Space X employees who have suddenly become millionaires are redefining the wealth management business with their combined fortunes.
- As CNBC reported earlier this week, more than 100 Space X employees with between $1 billion and $5 billion in combined assets have joined forces to negotiate better terms with wealth management firms.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
Thousands of Space X employees who have suddenly become millionaires are redefining the wealth management business with their combined fortunes.
As CNBC reported earlier this week, more than 100 Space X employees with between $1 billion and $5 billion in combined assets have joined forces to negotiate better terms with wealth management firms. In anticipation of their massive windfall from Friday's IPO, the group has signed a deal with the registered investment advisor Choreo for wealth management services at a fee that's lower than industry standard.