Former SpaceX welder turns into a millionaire after historic IPO

Source link : https://big-apple.news/2026/06/13/new-york-news/former-spacex-welder-turns-into-a-millionaire-after-historic-ipo/

Earlier than Juan Hernandez turned a welder at SpaceX, he had by no means heard of the corporate.

“It was simply one other contract job for me on the time,” he instructed CBS Information correspondent Jo Ling Kent in a broadcast unique interview.

Now, simply over 10 years later, that leap of religion is paying off following the corporate’s $75 billion preliminary public providing. Hernandez, who now works at Jeff Bezos-owned rocket startup Blue Origin, has roughly 6,500 SpaceX shares. On Friday, SpaceX inventory closed at $160.95, valuing his holdings at $1,046,175.

SpaceX shares began buying and selling on the Nasdaq late Friday morning underneath the ticker image SPCX, marking the long-awaited Wall Avenue debut of the rocket and satellite tv for pc firm. The inventory providing additionally turned SpaceX founder Elon Musk into the world’s first trillionaire.

Juan Hernandez, who began at SpaceX in 2015, labored on the rocket and satellite tv for pc firm for a decade. / Credit score: Courtesy of Juan Hernandez

Hernandez first heard about SpaceX from a good friend who was employed as a welder there. He knew Hernandez’s background and figured he’d be an excellent match for the job.

“I assumed in my head, I do not know what SpaceX is, however let’s go,” Hernandez stated.

When SpaceX employed Hernandez in 2015, he stated they supplied him $10,000 price of inventory. On the time, he did not assume a lot of it. His different jobs, which paid him…

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Author : big-apple

Publish date : 2026-06-13 19:56:00

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