Tech policy, @RSI | Senior Contributor, @JoinYoungVoices | Alum, @EdChoice | Rhode Island native | Opinions are my own 🇺🇸

Joined March 2017
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Ed Tarnowski retweeted
Oh yes, I remember that Bond film where the villain decarbonized the auto industry, brought fast internet to everyone on the planet, and helped paralyzed people interact with the world again.
Elon Musk is a real-life Bond villain ft.trib.al/zAOuVKk
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Ed Tarnowski retweeted
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Ed Tarnowski retweeted
By contrast…Bernie “socialist hero of the laborer” Sanders, has created 1 millionaire. Himself
Elon just created 4,400 millionaires in a single day. 400 of them are now worth over $100 million. These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries. Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000. Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous." The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before. Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.
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This is America
NEW: Juan Hernandez, a welder who says he took “just another contract job” at SpaceX for $28/hr in 2015, is now a millionaire as shares soar.
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Ed Tarnowski retweeted
A welder took a $28 an hour job in 2015 at a company he had never heard of. On Friday, Juan Hernandez became a millionaire. He spent ten years building the structures that lifted rockets onto the launch pad. SpaceX paid him partly in stock, the way it paid its cooks, machinists, technicians and cafeteria staff, equity instead of bigger salaries. His $10,000 grant grew into $880,000 at the IPO price. The first day pop carried it past a million. He is 42, an immigrant from Mexico, married, three kids. He says he is keeping the job. He is not the outlier. He is the pattern. 4,400 current and former SpaceX employees became millionaires on Friday. One in five people who ever badged into the company. About 400 of them are walking away with $100 million or more. One employee took every cash bonus in stock instead of money. He is sitting on 50,000 shares, worth more than $8 million at Friday's prices. And then there is the other side of the cafeteria. Some employees sold their shares years ago, certain the company would never go public because Musk said he hated public markets. A few traded their stock for restaurant gift cards. The New York Times says they are consumed by regret. Same grant, same building, same years. One group held the claim. The other ate it. None of the winners can touch the money yet. The first selling window opens after the August earnings report, and the rest unlocks in waves through December. Underneath all of it sits the only lesson the market ever teaches. The welder and the gift card came from the same place. The difference was never the work. It was the ownership. Salary pays for the month. Equity pays for the era. A cook in Brownsville just answered the question every buyer of SPCX is asking at $170: what is a claim on this company actually worth? The piece prices that exact question at $2.2 trillion.
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Ed Tarnowski retweeted
This is who Bernie and Warren want to steal money from btw
NEW: Juan Hernandez, a welder who says he took “just another contract job” at SpaceX for $28/hr in 2015, is now a millionaire as shares soar.
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Ed Tarnowski retweeted
They did it. SpaceX has now launched more satellites than the rest of humanity, combined, all time.
SpaceX is only ~200 satellites away from having launched as many satellites as the rest of the world combined (despite giving the rest of the world a 61-year head start)
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Ed Tarnowski retweeted
I am filled with optimism at the fact that the world's first trillionaire was made not by hedge funds or market manipulation, but by building the infrastructure to take America to the stars.
Feels very epochal.
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Ed Tarnowski retweeted
Like electric cars, satellites, connection to the Internet for countries and areas that are being oppressed. Man, what if he did that?
Imagine if Elon Musk did something to benefit others with his trillion.
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American Risk Mindset maximalism
an all-time bet on yourself
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Ed Tarnowski retweeted
an all-time bet on yourself
JUST IN: SpaceX officially opens at $1,960,000,000,000.00 in market cap.
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Ed Tarnowski retweeted
Jun 12
"Elon Musk is a failure. He didn't earn that trillion dollars."
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Ed Tarnowski retweeted
SITUATION DETECTED: OpenAI has made the first ever beautiful tech billboards.
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Made it to the desert
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While you’re groaning about Musk becoming a trillionaire, he just made 5,000 people new millionaires, including a guy who started as a SpaceX welder He employs 150,000 people Starlink single-handedly made LEO satellite internet a commercial reality SpaceX is leading all the world’s space institutions in innovation Tesla jumpstarted and accelerated EV development Do you really believe a government confiscation of his wealth would do better for humanity?
Elon Musk just created ~5,000 new millionaires, current and former $SPCX employees. Of those ~5,000 people, roughly 400 of them will see stakes worth $100 million.
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Ed Tarnowski retweeted
odd I don’t see any of the “abundance democrats” posting about the combined spaceflight / satellite constellation and telecommunications / AI company today, which is experiencing the largest IPO in human history — I would have thought they’d be excited!
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“Retox Detox” green drink is the way
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