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Elon Musk makes history after SpaceX offer surges net worth beyond eye-watering $600 billion: 'Obscene' [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Forbes reported a dramatic rise in the company's equity value, which is boosting Musk's wealth. After a recent tender offer, SpaceX is now valued at $800 billion, doubling the previous $400 billion valuation from August. That increase is sending the company CEO's net worth soaring to an estimated $677 billion. Musk, holding a 42% stake in SpaceX, is the first individual in history to reach a net worth exceeding $600 billion. Musk's shares of SpaceX are considered his most valuable asset, and they could skyrocket from here. The company is reportedly aiming for an initial public offering in 2026, valuing it at $1.5 trillion. That development could conceivably make Musk a trillionaire. Lest you think that's his only path, Musk can also get to trillionaire status through his controversial record-breaking pay package with Tesla if he hits lofty performance targets. xAI holdings is another way for Musk to enrich himself, as he aims to more than double its valuation to $230 billion fr
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