Omar ZenhomAward Winning Entrepreneur. Founder of The $100 MBA & WebinarNinja.

4,000 Millionaires in One Day

3 Aug 2026 · 1 min

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1:04

In this segment of his YouTube video, Omar Zenhom highlights a frequently overlooked aspect of Elon Musk’s financial narrative: the massive wealth creation for ordinary SpaceX and Tesla employees when the companies went public. He explains that the SpaceX IPO turned more than 4,000 current and former employees—including welders, machinists, and hourly factory workers who received equity as part of their compensation—into millionaires overnight. He also notes that early investors in Tesla’s IPO similarly amassed significant wealth as the company grew. Zenhom argues that while Musk’s personal fortune is headline‑grabbing, his business growth also generates substantial financial gains for a broad base of workers and investors, countering the perception that only Musk benefits from his ventures.

Chapters

And this is the part of the Elon Musk conversation that gets skipped over a lot. When SpaceX IPO'd, he made himself a trillionaire, but he was not the only one who won. More than 4,000 current and former SpaceX employees became millionaires in that single event. We're not just talking about executives or high-end engineers. We're talking welders, machinists, factory floor workers, people earning an hourly wage where they were given equity as a part of their compensation package and when that company IPO'd, they were automatically becoming millionaires because of the value of the stock that they held. People that bought Tesla stock back in the day when it first IPO'd, they became very, very wealthy because of the growth of Tesla. So obviously there's people making money off his success as well. It's not just him. Okay. So a lot of people think that, oh, this guy's a trillionaire, he's, you know, greedy. And that could be true. But the point is, is that when he's growing his business, other people are growing their wealth as well.