SpaceX IPO to Mint Millionaire Welders as Experts Warn of Post-Listing Slumps
Key takeaways
- Juan Hernandez built the stake from a $10,000 equity grant he received in 2015.
- Space X will sell 555.6 million shares at $135 each on Nasdaq under the ticker SPCX.
- Hernandez joined SpaceX as a contractor in 2015, earning $28 an hour, the Wall Street Journal reported.
Space X IPO to Mint Millionaire Welders as Experts Warn of Post-Listing Slumps Lockridge Okoth Mon, June 8, 2026 at 3:58 AM GMT+7 3 min read SPAX.PVT A welder who immigrated from Mexico holds stock worth roughly $880,000 ahead of next week s Space X IPO. Juan Hernandez built the stake from a $10,000 equity grant he received in 2015.
Space X will sell 555.6 million shares at $135 each on Nasdaq under the ticker SPCX. The offer targets a $75 billion raise and values the rocket maker near $1.77 trillion, the largest IPO on record.
Hernandez joined SpaceX as a contractor in 2015, earning $28 an hour, the Wall Street Journal reported. He later moved to a full-time role, received stock that vested over five years, and bought more shares through payroll deductions.