PANews reported on June 12 that a new report from Redfin estimates that the wealth created through SpaceX's IPO, assuming current and former employees pool their resources, could buy 40% of the homes in San Antonio. San Antonio is the closest major U.S. metropolitan area to the company's Star Trek headquarters in Texas. Several other hypothetical scenarios are also presented: employees could buy 15% of the homes in Houston, one of the nation's largest housing markets; or every single home in McAllen, Texas. The report adds that McAllen is much smaller than other markets, but is only 80 miles from Star Trek, and employees would still have approximately $74 billion left.