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SoCal luxury housing market suddenly booms as thousands of millionaires are crowned overnight

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The thousands of SpaceX employees that recently became new millionaires thanks to the historic initial public offering (IPO) will have a significant impact on Southern California’s real estate market, according to a new report. SpaceX debuted at $135 per share on its June 12 opening day, and briefly skyrocketed past $200, creating nearly 4400 millionaires and making the company’s founder, Elon Musk, the world’s first trillionaire. 6 SpaceX in Hawthorne, CA.

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