A man working as a welder at SpaceX for $28 an hour has just become a millionaire. Juan Hernandez, who came from Mexico, welded rockets for SpaceX at $28 an hour. SpaceX gave him $10,000 in stock when he went full time in 2015, and he bought more with every paycheck for 10 years. $SPCX is now trading at $167, making his shares worth over $1 million.

The United States largest retirement program is facing a financial turning point. According to the latest annual trustees report from the Social Security Administration, the Social Security retirement trust fund is now projected to be depleted in 2032. Under current projections, only about 78% of scheduled retirement benefits would be payable after 2032. One out of every four dollars promised to retirees could vanish, resulting in an immediate benefit cut of approximately 22% for millions of Americans. For decades, Social Security collected more in payroll taxes than it paid out, building up a large trust fund surplus. But Longer lifespans, Baby Boomer retirements, lower birth rates and slower payroll tax growth have forced Social Security to rely on its trust fund reserves. Social Security won't go bankrupt in 2032, but unless Congress acts, benefits would be automatically cut because federal law only allows payments from available revenue. Over 70 millions Americans who depend heavily on Social Security income, such reductions could have severe consequences.

🚨The most dangerous 48 hours for risk assets this year starts Monday. The Bank of Japan is expected to raise rates to 1% on June 16, the highest in 30 years. The Fed meets the very next day with zero rate cut expectations and inflation still rising. Every major BOJ hike since 2024 triggered a sharp market selloff. In previous BOJ-driven selloffs, the Fed was actively cutting rates. Now it is expected to hold with inflation at 4.2% and rising.

BREAKING: President Trump says Iran is expected to sign a nuclear deal tomorrow and the Strait of Hormuz will immediately reopen to all traffic. Trump also says the U.S. will destroy Iran’s remaining nuclear material “if necessary.”

SpaceX nearly went bankrupt in 2008, and yesterday it IPO'd at $1.77 trillion. Here's the story of the largest ever IPO and the world's first Trillionaire, Elon Musk. Elon Musk sold his first company, Zip2, for $300 million in 1999. He then co-founded PayPal, which eBay acquired in 2002 for $1.5 billion. Musk walked away with roughly $180 million. Most people would have stopped there. Instead, he became obsessed with getting humans to Mars. When he looked into buying rockets from Russia and found the costs too high, he decided to build his own. In March 2002, he founded SpaceX in California and put roughly $100 million of his own money into it. SpaceX operated out of a warehouse in El Segundo where employees worked 80 to 100 hour weeks. The company hired young engineers willing to take risks and built almost everything in house, a decision that would later become its biggest competitive advantage. One of its most important early hires was Gwynne Shotwell, who joined in 2002 as employee number 7 and became the operational backbone of the company. The first three launches of Falcon 1 all failed. The first in March 2006 ended in an engine fire. The second in March 2007 spun out of control before reaching orbit. The third in August 2008 saw the first and second stages collide after separation. 2008 was the worst year. SpaceX and Tesla were both near bankruptcy during the global financial crisis. Musk split his remaining personal fortune between both companies, betting everything on their survival. Employees feared neither would survive. On September 28, 2008, Falcon 1 Flight 4 lifted off from Omelek Island in the Pacific. It reached orbit. SpaceX became the first privately funded company in history to put a liquid-fueled rocket into orbit. Three months later, NASA awarded SpaceX a Commercial Resupply Services contract worth over $1 billion. The company was saved. With funding secured, SpaceX built Falcon 9, which launched successfully in 2010 and went on to become the most frequently launched rocket in the world. SpaceX has now completed more than 300 missions and reduced the cost of sending payload to orbit from $54,500 per kilogram on the Space Shuttle to roughly $2,700 per kilogram on Falcon 9. In December 2015, SpaceX landed a Falcon 9 booster for the first time in history after years of failed attempts. Reusable rockets went from an industry joke to standard practice. In May 2020, SpaceX sent astronauts to orbit aboard Crew Dragon, making it the first private company in history to put humans in space on its own spacecraft. SpaceX then launched Starlink, a satellite internet network that now serves more than 6 million subscribers worldwide and has become one of the company's largest revenue streams. Revenue across the company reached $18.7 billion in 2025. Then Musk made his next move. In February 2026, SpaceX acquired his AI company xAI and filed plans with the FCC to launch one million solar-powered satellites into orbit. The goal is to build the world's first space-based AI data center network. Each satellite would generate power directly from the sun, eliminating the need for ground-based energy infrastructure entirely. Musk's argument is direct: "The only logical solution is to transport these resource intensive efforts to a location with vast power and space." He expects that within 2 to 3 years, the lowest cost way to generate AI compute will be in space. Starship is the prerequisite to making this work at scale. Without a fully reusable heavy lift rocket capable of carrying large payloads cheaply, space based data centers are not economically viable. Musk stated that IPO proceeds from the SPCX listing will help fund this buildout. Jeff Bezos's Blue Origin and Google's Project Suncatcher are both working on similar plans , but SpaceX is the only company with a rocket capable of launching at the scale required. The ultimate goal remains Starship, a fully reusable rocket designed to carry more than 100 tons to orbit and eventually take humans to Mars. Yesterday, SpaceX listed on Nasdaq under the ticker $SPCX at a $1.77 trillion valuation. At that price, Musk's personal stake in SpaceX alone is worth over $866 billion, making him the first person in history to cross $1 trillion in net worth. Elon Musk currently controls SpaceX, Tesla, xAI, X Corp, Neuralink, and The Boring Company. It started with one warehouse, $100 million, and a rocket that failed three times in a row.

In 2021, Logan Paul bought this NFT for $623,000. Today, it's worth less than $130.

BREAKING: The U.S. government just forced Anthropic to shut down its newest AI model worldwide. Claude Fable 5 is now disabled for every user worldwide after Commerce Secretary Howard Lutnick sent a letter to Anthropic CEO Dario Amodei ordering an immediate suspension. Mythos is the only publicly available AI that can autonomously find and exploit critical software vulnerabilities at superhuman speed. It scored 78% on cybersecurity benchmarks, the previous best was 40%. That's why it is being targeted by US Government. The government believes someone discovered a method to jailbreak it, removing the guardrails that prevent it from being used as an offensive cyberweapon. Anthropic publicly disagreed with the order. The company said the jailbreak vulnerability was minor, already discoverable in other public models, and that shutting down an entire model over a narrow vulnerability sets a precedent that could halt AI deployments across the entire industry. This is not the first clash between US Government and Anthropic. The Pentagon previously designated Anthropic a supply chain risk, the first time any US company had ever received that label, historically reserved for companies from adversarial nations. A federal judge blocked that order. This time the government came back through a different legal mechanism, export controls which are much harder to fight in court. Anthropic launched Fable 5 on June 9 calling it the most capable model it had ever released to the public and it was shut down within just 3 days.

The U.S. government has ordered Anthropic to suspend all foreign access to Claude Fable 5 and Claude Mythos 5 under national security authorities. Anthropic has disabled both models for all users worldwide to ensure compliance, just four days after their launch.

BREAKING: A White House official says we are making great progress every day and aim to pass the crypto market structure bill by July 4th.

Elon Musk is now worth $1.2 trillion, more than the GDP of 180 countries on Earth.

BREAKING: SpaceX just became a $2.2 TRILLION company on its first day of trading. $SPCX is now trading at $168, up 24.44% from its IPO price.

Elon Musk officially becomes the first TRILLIONAIRE in human history.

INSANE REBOUND IN THE US STOCK MARKET. $750 billion has been added to the U.S market in just last 1.5 hours. Earlier today, Trump posted that the leaked Iran deal terms are fake. The S&P 500 dumped -0.56% on the news and wiped $400 billion in just 10 minutes. From that bottom, the market has now recovered 1.12% and added $750 billion back.

SpaceX went public today but Trading is not live yet. Here is why. Before the very first trade happens on any IPO, Nasdaq runs an auction behind the scenes. It collects all the buy orders and sell orders and tries to find one single price where both sides agree to trade. Right now there are so many buyers and so few sellers that the system cannot find that price. That is the only reason trading has not started yet. Current estimates show $SPCX could open around $175, which is 30% above the $135 price it was sold at last night. So anyone who got shares in the IPO is already sitting on 30% gains before the market even opens. The bigger the demand gap, the longer this takes. Google and Meta both waited over 2 hours before their first trade printed.

$400 billion has been wiped out from the US stock market in the last 10 minutes. This came after President Trump said the leaked Iran deal terms are fake. The S&P 500 is down -0.56% since the statement dropped.

BREAKING: SpaceX $SPCX officially lists on Nasdaq. Trading starts in 5 minutes.

A man who earned $28 an hour at SpaceX is about to become a millionaire today because of the IPO. But he is just 1 of 4,400 SpaceX employees becoming millionaires today. SpaceX begins trading on Nasdaq today under the ticker SPCX, priced at $135 per share and valued at $1.77 trillion. The offering raised $75 billion and drew more than $250 billion in investor demand, more than three times oversubscribed. More than 4,400 current and former SpaceX employees are projected to become millionaires today. Around 400 of them will hold stakes worth over $100 million each. To put that in context, the Google IPO in 2004 created roughly 1,000 millionaires. Facebook's 2012 listing produced a similar number. SpaceX is doing more than four times both of them in a single day. And the majority of these people are not founders or executives. They are engineers, welders, machinists, and launch technicians who took equity over cash and held it for years. Juan Hernandez moved from Mexico and learned to weld for the money. He joined SpaceX in 2015 earning $28 an hour. When he went full time, the company gave him $10,000 worth of stock. He held it, bought more through payroll deductions, and sold a small portion in 2020 to buy property in Texas. His remaining shares are worth $880,000 today. Trevor Hise joined as a launch engineer straight out of college in 2011. He spent 12 years accumulating shares through salary, bonuses, and reinvestment. He is 37 years old and walking away with more than $13.5 million. Gavin Petit started in 2012 on an $80,000 base salary with a small initial grant priced at $13.80 per share. He took every bonus in stock. He has already paid off his home in Denver from earlier tender offer windows and now holds a stake worth several million dollars. J. André Lavoie, an engineer who received grants years ago, is sitting on more than $28 million. He is currently in Italy renovating a hotel. Tom Mueller was SpaceX's first employee, hired in 2002 to build the engines that made all of this possible. He left in 2020 but kept his equity. This week he said: "Elon always said that your salary is one thing, but it's the equity that's gonna be worth something. That day is here." This is what SpaceX's compensation model actually looked like from the beginning. The company paid below market salaries and made up the difference in equity at every level of the organisation, not just at the top. Stock options vested over four to six years. Workers could buy additional shares at a 15% discount through a company purchase plan. Early option grants were priced below $2 per share. Even 2025 grants carried exercise prices between $37 and $42. At $135 today, those positions are sitting at 3x returns minimum. The physical impact is already visible in Brownsville, Texas, one of the poorest cities in the United States, where more than 3,000 SpaceX employees work at Starbase. Median home prices in the surrounding county have gone from $131,000 in 2014 to over $281,000 today. More than 100 SpaceX employees pooled their combined holdings, estimated between $1 billion and $5 billion to negotiate institutional level wealth management fees as individual workers. Today, SPCX opens and 4,400 people find out what years of holding actually pays.