SpaceX’s initial public offering made history on Friday, raising $75 billion and valuing the company at over $2 trillion. The IPO made Elon Musk a trillionaire and rewarded SpaceX’s current and former employees handsomely. One of them was Robert, a former engineer at SpaceX who lives in Arizona and owns tens of thousands of company shares. Robert’s SpaceX shares were worth more than $4 million at the close of trading on Friday.

Local Investors Also Benefit

Daniella Rodriguez, a 23-year-old from Miami, was allocated one share of SpaceX ahead of its IPO and made a profit of $24. Forde Todd, a 20-year-old college student from Pennsylvania, requested three shares through Robinhood and received all three, making a profit of around $250. These investors are part of the millions of people who participated in the historic IPO, with many seeing their fortunes soar.

The IPO has also had a generational impact on Robert’s family. He was living paycheck to paycheck just a few years ago, but the equity he received from SpaceX has changed his life. He was able to buy his ‘forever’ home and is now looking forward to a more secure financial future.

Original reporting: Dallas TX News (HLL/CB) — read the source article.