Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTClay HaltonWed, June 3, 2026 at 7:45 PM GMT+2 4 min readThousands of current and former SpaceX employees are preparing for a financial event that few workers ever experience: a potential windfall worth millions of dollars.According to a recent Bloomberg report, more than 1,000 current and former employees have joined forces to negotiate discounted access to wealth managers, private banks and sophisticated tax-planning strategies ahead of SpaceX’s highly anticipated initial public offering (IPO). Rather than hiring advisers individually, the group is using its collective bargaining power to seek lower fees and access to financial products typically reserved for ultra-high-net-worth investors.Must ReadPrime US real estate was a rich person's game — then something changed. Now everyday Americans are getting a piece of the action for as little as $100Millionaires under 43 are reshaping investing — just 25% of their portfolios are in stocks. Here’s where their money is goingRobert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’The employees’ goal is to secure financial advice for less than 0.5% of assets under management, roughly half of the traditional 1% advisory fee. Bloomberg reports the group has evaluated more than 20 advisory firms and is pursuing services ranging from direct indexing to equity-backed lending strategies that could help them access cash without immediately triggering large capital gains taxes.The effort reflects the enormous wealth expected to be created by the IPO. Employees participating in the discussions reportedly represent billions of dollars in equity holdings, and some estimates place the group’s combined assets at as much as $20 billion.A historic IPO is getting closerThe urgency comes as SpaceX moves closer to what could become the largest IPO in history.Reuters reports the company plans to price shares at $135 each, raising approximately $75 billion and valuing the company at roughly $1.75 trillion. The offering is expected to begin trading on Nasdaq under the ticker symbol SPCX on June 12.The company publicly filed IPO paperwork in May, revealing billions of dollars in losses but also highlighting the rapid growth of its Starlink satellite business and its ambitions in artificial intelligence and satellite communications. Bloomberg previously reported that the company is pursuing a valuation approaching $1.8 trillion, making it one of the most valuable publicly traded companies in the world from day one.SpaceX has also emphasized stock-based compensation as a key part of employee pay. That means many engineers, managers and other workers could suddenly find themselves holding stock positions worth millions once shares become publicly tradable.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info