Story perspectives

SpaceX $2T IPO Sparks Exec Exodus to Tax-Friendly Florida

6/23/2026

Summary

Story summary

SpaceX’s June 12 Nasdaq IPO valued the company at $2 trillion, creating millions for executives and making 4,400 employees millionaires.
The windfall is driving executives toward Florida’s no income and capital-gains taxes versus California’s 13.3% rate, prompting Joe DaGrosa, founder, to warn migration could happen within months.
Jenni Morejon, city official, noted California area codes appearing in Florida, while Larry Page, Google co-founder, and Mark Zuckerberg, Meta CEO, bought Miami properties $358 million.

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Story summary

SpaceX’s June 12 Nasdaq IPO valued the company at $2 trillion, creating millions for executives and making 4,400 employees millionaires.
The windfall is driving executives toward Florida’s no income and capital-gains taxes versus California’s 13.3% rate, prompting Joe DaGrosa, founder, to warn migration could happen within months.
Jenni Morejon, city official, noted California area codes appearing in Florida, while Larry Page, Google co-founder, and Mark Zuckerberg, Meta CEO, bought Miami properties $358 million.