President-elect Trump watched the launch in Texas. It happened before sunset on Tuesday.
Elon Musk’s fortunes have risen to a new and confusing level.
Bloomberg reported on Wednesday that his net worth, already greater than that of anyone else in the world, has risen to $439.2 billion.
It marks the first time a billionaire has crossed the 400 billion mark.
LANCASTER, PENNSYLVANIA – OCTOBER 26: SpaceX and Tesla founder Elon Musk speaks at an American PAC town hall on October 26, 2024 in Lancaster, Pennsylvania. Musk has donated more than $75 million to America PAC, which he co-founded with Sil (Photos by Samuel Corum / Getty Images)
SpaceX’s recent deal to acquire insider shares contributed to that success, according to the outlet. The deal reportedly values the company, which was founded in 2002, at $350 billion, Bloomberg reported.
ELON MUSK’S SPACEX LAUNCHES FIFTH COMMITMENT TO STRENGTHEN GOVERNMENT SATELLITE ARCHITECTURE
Electric car maker Tesla and artificial intelligence company xAI, both owned by Musk, have played a role in boosting his stock in recent weeks, according to the outlet.
Musk owns hundreds of millions of Tesla shares, according to the company’s latest proxy statement.
SHINJUKU, TOKYO, JAPAN – 2024/07/11: Tesla model Y and model 3 are seen on display at their store in Tokyo. (Photo by Stanislav Kogiku/SOPA Images/LightRocket via Getty Images / Getty Images)
Tesla’s market capitalization reached $1.32 trillion as of late Wednesday afternoon. Its shares posted gains of more than 60% after President-elect Trump’s victory over Vice President Harris in the November presidential election.
| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| TSLA | Company TESLA INC. | 357.09 | +11.93 |
+ 3.46% |
ELON MUSK IS POWERFUL IN HEAVEN FOR FOLLOWING DONALD TRUMP’S ELECTION WIN
Some investors see a possible rise for the electric car maker under the incoming Trump administration, FOX Business previously reported.
Forbes also reported that Musk has a net worth of more than $400 billion on Wednesday. It is estimated that his net worth was $428 billion.
Elon Musk, billionaire and CEO of Tesla, at the Viva Tech exhibition in Paris, France, Friday, June 16, 2023. Musk predicted that Neuralink Corp. his will install its first brain later this year. (Nathan Laine/Bloomberg via Getty Images/Getty Images)
The size of Musk’s fortune has changed in recent years, when it first hit $300 billion in 2021 and as recently as November, according to Forbes.
ELON MUSK’S 12-DIGIT TESLA PACKAGE REJECTED BY DELAWARE JUDGE
The media first linked him to the “comma club” in 2012.
The second, third, fourth and fifth richest people in the world were Jeff Bezos, Mark Zuckerberg, Larry Ellison and Bernard Arnault, respectively, as of Wednesday, the Bloomberg Billionaires Index showed.
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