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SpaceX employees create low-fee wealth advisory post-IPO with Choreo, managing $1-5B collectively

Market News
09 Jun 2026
CNBC
View Source
Bullish
pluang ai news

Over 100 current and former SpaceX employees have teamed up to manage their wealth from the company's IPO by creating a low-fee advisory service with Chicago-based Choreo. This group represents between $1 billion and $5 billion in potential wealth and aims to reduce fees below the industry standard of 0.5%-1%, enabling more funds for philanthropy. The initiative highlights the power of collective financial scale and the impact of the SpaceX IPO in creating new millionaires. Similar collective advisory discussions are underway at other companies like Anthropic.

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