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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Antonio Gracias, son of an Indian origin father & founder of PE firm Valor Equity Partners. His 7.3% stake in SpaceX is ~$90B . He made a $76M bet on SpaceX in 2008 when the idea of a private space firm was still unimaginable to many funds. A true outlier financialexpress.com/market/…

Thanks @gftn_official for having me. Enjoyed today interacting with the first cohort of FinTech & InsurTech startups at Odisha Technology Centre, BBSR.

Join us for the Demo Day of the BharatNetra Startup Incubator Cohort at the Odisha Technology Centre on 5th June. Selected startups building in FinTech & InsurTech will be pitching & showcasing their innovations. If you are in Bbsr, please register here: luma.com/gsequ9os

So true.

Tried something for the first time. Hand made pineapple beer.

As businesses grow, founders have to learn to let go. Scale cannot depend on one person making every decision. Strong organisations are built by empowering people to think independently. Trust is what allows a company to grow beyond its founder. #leadership #growth #scalingup

Bhanu Chopra runs RateGain like a venture portfolio inside a public company... cash cows fund teenagers, teenagers fund babies, and the babies that survive become the next generation of what everyone eventually calls obvious. The rate intelligence business nobody believed in 2004 is now the infrastructure every revenue manager depends on. The Sojern acquisition that looked like an audacious overpay is now 1.5 billion travel graph IDs and the world's largest travel intent data platform. What makes this founder genuinely rare is the combination of traits that usually don't coexist... the incrementalist who thinks only 2-3 years ahead yet somehow keeps expanding the TAM every cycle... the conservative guidance-giver who has made a personal philosophy of under-promising and over-delivering... the man who lost 75% of revenue in a single client decision in 2012 and responded not by shrinking but by rebuilding with acquisitions that each cost a fraction of the value they delivered... Adara bought at 0.7x sales when RateGain itself traded at 7x.

If you haven’t yet visited the breathtaking beauty of Sijimali (Tijmali) in the tribal heartlands of Rayagada & Kalahandi, visit before it’s too late. The bauxite rush threatens to destroy these sacred and beautiful hills forever as Vedanta pushes deeper into Odisha’s pristine landscape. Odisha’s Nature, culture, and indigenous identity are at stake. #SaveSijimali #SaveTijmali #Odisha #Rayagada #Kalahandi #DongriaKondh #TribalRights #EnvironmentalJustice #Vedanta #Mining #BauxiteMining #ClimateAction #IndigenousVoices

From Sijhimali to Kutrumali, resistance is spreading across Odisha. These visuals are not just protests. They are warnings. When tribal women themselves stand on the frontlines against CM Mohan Majhi’s pro-mining push, it sends a powerful message to Delhi — a tribal face cannot hide a corporate agenda forever. Hundreds of Adivasi women have marched against Adani & Vedanta’s proposed Kutrumali and Sijhimali bauxite mining projects, exposing the reality behind BJP’s “tribal empowerment” narrative in Odisha. #Odisha #Rayagada #Kutrumali #Adivasi #TribalRights #SaveNiyamgiri #Vedanta #Adani #Mining #MohanMajhi #BJP #OdishaPolitics #TribalWomen #StopMining #CorporateLoot

Salute to this fearless woman standing alone against the mighty police force while explosions for coal mining continue in the background. This is the real face of resistance. This is real #NariShakti. Women from more than 200 families are protesting against forceful land acquisition and eviction by Nalco and Mytri companies for coal mining projects in Odisha. The govt-corporate nexus has turned the lives of tribals and local communities in mineral-rich regions into a nightmare. Yet, women are rising, resisting, and leading the struggle across Odisha’s mining belts. Development cannot be built on displacement, fear, and destruction of livelihoods. #Odisha #SaveTribalLand #StopForcedEviction #CoalMining #MiningResistance #AdivasiLivesMatter #LandRights #WomenLeadResistance #CorporateLoot #EnvironmentalJustice #HumanRights #NariShakti #India

Lunch at Baiana Hotel, Jajpur with Gobinda bhai & renowned artist Kesu Das. Gobinda bhai, my senior from F.M. College days, then went TISS & now into social entrepreneurship. Keshu da is one of the very few lacquer artists in India focused on preserving & promoting Jau Kandhei.

Learning a new skill this summer. Hope to start swimming in river soon.

Went to Mitra Cafe in Patia for an early lunch, they weren’t ready to take orders. Ended up eating at Desii, a restaurant started by a MasterChef finalist. Liked the taste, better than Odisha Hotel. Pricing is a bit on the higher side, that's ok as the real-estate is high too.

The traffic at a Petrol Pump in BBSR. The good part is the road traffic has come down drastically today compared to yesterday.

In 1995, Anguilla, a British Caribbean island, didn’t build AI, invest in it, or even plan for it. Just got .ai as its internet code. Nobody cared. Then OpenAI & the AI boom happened. Now .ai earns them $85M/yr - 47% of their annual budget. Sometimes, timing is everything.

Finally found it in Bhubaneswar market @nikunjbiyani

I studied in M.P and started my first startup there while I was in college. Now I live in Odisha, & I can’t find any difference in the level of corruption between the two states. This is one of the main reasons why real estate prices are skyrocketing in Bhubaneswar.

India's semiconductor startup ecosystem is inching closer to a key milestone, with Chennai-based Mindgrove Technologies preparing to begin the first commercial production of its Secure IoT chip, founder and CEO Shashwath T R told Moneycontrol. Founded in 2021 by Shashwath T R and Sharan Srinivas J, the IIT Madras-incubated fabless semiconductor startup is in the final stages before the commercial rollout of its RISC-V-based microcontroller system-on-chip (SoC), which targets applications including secure biometrics, smart meters, industrial IoT devices, wearables, access-control systems and EV battery management systems. Mindgrove has positioned the Secure IoT chip as India's first commercial-grade high-performance microcontroller SoC built on the open-source RISC-V architecture. The company claims the chip can lower overall device costs by nearly 30 percent compared to imported alternatives. Commercial launch nearing after prototype deployments “We are right on the cusp of actually having it commercially available for everybody to buy,” Shashwath said, adding that several customers are already testing prototype versions of the chip.