Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTBrian O’ConnellMon, June 15, 2026 at 7:00 PM GMT+2 7 min readThe SpaceX initial public offering has launched, fully loaded with a $1.75 trillion valuation and a $135-per-share opening price.In its wake stands about 4,400 current and former SpaceX staffers (1) who’ll become newly minted millionaires as the stock gathers steam.Must ReadRobert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’The ultra-rich use these 5 real estate strategies to build wealth while they sleep — you can start with just $100Millionaires under 43 are reshaping investing — just 25% of their portfolios are in stocks. Here’s where their money is goingOne of them is former SpaceX welder Juan Hernandez, who holds 6,500 shares of SPCX, which should net over $1 million if he decides to sell.Hernandez was offered $10,000 worth of stock when he started working for SpaceX in 2015, he told CBS News (2).“I didn’t know anything about it then,” he told CBS News. “I didn’t know it was gonna be this big, at this point.”But Hernandez is just one of many who have a newfound financial responsibility. And of the others, several have their eyes on luxury homes in California (3).Dealing with immediate wealthHernandez, and the thousands of SpaceX millionaires joining him, now face a welcome but unfamiliar question: How is the cash best maximized? And how can they resist an ‘instant millionaire’ luxury home splurge that may prove reckless?“Often when someone experiences a sudden liquidity event, they act quickly on making dramatic purchases,” Senada Adzem, a real estate agent at Douglas Elliman who’s generated $4.5B in total career sales, told Moneywise. “Instead, they need to plan carefully.”Real estate and financial experts advise that SpaceX employees take time to let the initial adrenaline rush fade to prevent emotionally driven, impulsive financial mistakes — especially if they’re looking for a pricey home upgrade.Here are a few things worth considering.Consider a proAfter a sudden windfall, it can help to consult financial advisors and hire a trustworthy real estate agent so you can understand exactly what you can afford, what ongoing expenses would actually cost and any tax implications.“Also, don’t concentrate too much of your new net worth in a single property instead of considering possible investment opportunities and diversifying your portfolio,” Adzem told Moneywise. “The first year following such an event should be focused on building a long-term strategy and not making impulsive decisions.”Watch out for a big overpayA common mistake instant millionaires make when they receive a lump-sum payout is immediately overpaying for a house without considering holding costs.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info