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The Indicator from Planet Money

How stock options made him an overnight millionaire

NPR· Jun 24, 2026· 9m 54s

In 2019, Juan Hernandez was laid off from SpaceX. Luckily, he still had the opportunity to buy $50K - $60K of the company’s stock and, years later, it’s safe to say the risk was worth it. Today on the show, how stock options built California as a tech hub. Fact-checking by Emma Ferrara. Your Next Listen — Do traders who make big bets make big money? Connect with The Indicator — Sign up for The Indicator’s brand new newsletter — Buy the Planet Money book — Find our socials, YouTube and more ! — F

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How stock options made him an overnight millionaire

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Sample transcript — click Live captions above to run Whisper on the actual audio in your browser.
  1. Welcome to the program. I'm your host.

    Welcome to the program. I'm your host.

    0:00
  2. Today we look at the major stories shaping the news cycle.

    Today we look at the major stories shaping the news cycle.

    0:04
  3. We start in Europe, where leaders met in Brussels.

    We start in Europe, where leaders met in Brussels.

    0:09
  4. The summit focused on energy policy and migration.

    The summit focused on energy policy and migration.

    0:14
  5. Reporting from the ground, our correspondent has more.

    Reporting from the ground, our correspondent has more.

    0:19
  6. Thank you. The mood here was tense but constructive.

    Thank you. The mood here was tense but constructive.

    0:24