The Digest:
Elon Musk’s net worth has surged past $600 billion, reaching an estimated $677 billion, propelled by a massive revaluation of his rocket company, SpaceX.
Key Points:
- Elon Musk’s net worth hit an estimated $677 billion, making him the first person ever worth over $600 billion.
- The milestone follows a SpaceX tender offer valuing the company at $800 billion, up from $400 billion in August.
- Musk owns an estimated 42% of SpaceX, now his most valuable asset at roughly $336 billion.
- His 12% stake in Tesla is valued at $197 billion, with additional stock options under appeal.
- SpaceX is targeting a potential 2026 IPO that could value the company at around $1.5 trillion.
- Musk’s xAI Holdings is reportedly in talks for funding at a $230 billion valuation.
- Musk’s wealth has multiplied nearly 28-fold since March 2020, when it stood at $24.6 billion.
Sources: Forbes
