Before Juan Hernandez commenced his career as a welder at SpaceX, he was unfamiliar with the company. He described his initial position as merely another contract job. Now, a decade later, Hernandez’s decision to join SpaceX has proven fortuitous, particularly following the company’s recent $75 billion initial public offering (IPO). Currently employed at Blue Origin, a competing company owned by Jeff Bezos, Hernandez holds approximately 6,500 shares of SpaceX, which were valued at $1,046,175 when the stock closed at $160.95 last Friday.
SpaceX made its debut on the Nasdaq under the ticker symbol SPCX, a significant milestone for the rocket and satellite manufacturer. Hernandez learned about SpaceX from a friend who had been recruited as a welder. Recognising Hernandez’s skills, this friend advised him to apply despite Hernandez’s initial uncertainty regarding the company’s mission.
Upon joining SpaceX in 2015, Hernandez received an offer of $10,000 in stock—an unusual incentive for him, as prior jobs had not included such benefits. He did not initially grasp the potential significance of this offer. Over his decade with the company, he ascended from welder to supervisor, contributing to the assembly of rockets by constructing essential structures for launch preparations. Hernandez noted that offering shares encourages employees to invest emotionally in the company’s success.
Despite his newfound wealth, Hernandez maintains a humble demeanor, attributing his achievements to hard work instilled in him as an immigrant. He aims to pass on these values to his children, teaching them about investment, with his 16-year-old daughter already holding shares in several companies.
If given the opportunity, Hernandez expressed a desire to thank Elon Musk for enabling the realisation of his aspirations.
