Good Afternoon Ladies and Gents! As I write this, the New York Knicks have won the NBA Playoffs and became the 2026 NBA Champions! They have won the 2026 Championship for the first time in 53 years!! Congrats to them! Go Knicks!!
The New York Knicks have won 3 NBA championships in franchise history, most recently ending a 53-year drought by defeating the San Antonio Spurs in the NBA Finals!
The Championship game 5 happened on Saturday June 5.
However, also in New York, there was another celebration going on. This one happened at the Nasdaq site in Times Square.
SpaceX had its historic, record-setting initial public offering (IPO) on the Nasdaq exchange under the ticker symbol SPCX.
The listing, which debuted on June 12, 2026, became the largest IPO in history, raising $75 billion and valuing the company at over $2 trillion. Shares were initially priced at $135 each and closed the first day of trading above $161.
According to reports, even SpaceX cafeteria workers are poised to become millionaires after the blockbuster IPO — 4,400 employees set to hit 7-figures.
One employee, who has 6,500 shares, has enough SpaceX shares to be worth over $1.1M.
These workers have now become instant millionaires!
Many of these workers who are now new millionaires, including some cafeteria workers whose compensation packages include employee stock options.
There are even some workers that will make 8-figures. That is $10 million dollars folks!
This is life changing.
These folks can cash out and retire early.
Personally, I have bought shares of SpaceX.
As I did not want to miss the boat again, from a possible tidal wave of money coming in.
I missed out on Facebook when they did their IPO back in 2012. It was going for $25. It then went on to $650 a share!
One Personal Finance blogger I know made like $200k investing in META when it popped!
There is definitely money to be made out here.
I like to invest in companies that are disruptive. With Google signing a deal to pay SpaceX $900 million a month to do business with them, I think they are poised to bring plenty of disruption!
After passing the $500,000 mark, my next goal is $750,000 in investable assets in my stock portfolio. If I keep increasing my investment contributions annually, I plan to hit $1 million in a few years!
Raising a glass to all the newly minted millionaires.
Here’s to investing your way to financial freedom!!
Cheers,
Miriam
About the author
Miriam started Greenbacks Magnet in 2016 to keep a scorecard of her goal of $1M in investable assets. Armed with a Master in Management (MiM) and a calculator, she teaches readers how to achieve financial independence while also helping them learn how to smell the roses along the way. The palpable response she got from sharing her personal finance goal in a public speaking course at Georgetown University encouraged her to share her story and teach finance on her website. She invests in AI companies as artificial intelligence is the new iPhone of the moment as she likes to invest in companies that are disruptive.