Quote · My First Million
The most simplified breakdown of the SpaceX IPO on the internet
Where this was said
Who's getting rich this week?
At 42:58 · chapter starts 42:35
Shaan kicks off his favorite segment — tracking who gets rich — by spotlighting the Ontario Teachers' Pension Fund's 2019 SpaceX bet, which is set to pay out $12 billion, or roughly $33,000 per teacher. The irony: the fund reportedly boycotts Elon politically. Then comes Antonio Gracias, the second-largest individual SpaceX shareholder at roughly 7%, whose $90 billion payday stems from years of helping Elon fix factory production bottlenecks at Tesla and SpaceX's earliest days — and a personal loan to Elon made with no equity strings attached. The conversation detours hilariously into NBA courtside seats, with both hosts confessing to obsessively zooming in on mystery schleppily-dressed rich people at games, a story about Sam meeting Knicks player Landry Shamet without realizing he was famous, Shaan using his toddler daughter as celebrity bait to interact with Tom Hanks, and the unanimous verdict that the best celebrity greeting is a confident 'good to see you, man' — as if you've met before.
The Ontario Teachers' Pension Fund invested in SpaceX in 2019 and is walking away with $12 billion at the IPO — roughly $33,000 per teacher in the fund. They reportedly boycott Elon politically. Whoops.
The Ontario Teachers' Pension Fund invested in SpaceX in 2019 and is set to make $12 billion in the IPO — about $33,000 per teacher in the fund.
Antonio Gracias owns about 7% of SpaceX through his Valor fund. He earned it by helping Elon debug factory bottlenecks at Tesla and SpaceX in their early days — and once loaned Elon money personally, expecting nothing in return.
Antonio Gracias, Elon's longtime manufacturing adviser, owns about 7% of SpaceX through his Valor fund — set to net him around $90 billion.
