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Elon Musk's Net Worth Reportedly Rockets Past $600 Billion [Yahoo! Finance]
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US:NASDAQ Investor Relations: ir.tesla.com
It has put him closer than ever to the long-discussed trillionaire threshold. The increase follows a recent tender offer that investors say values SpaceX far higher than it did just months ago. Forbes reported that a recent tender offer and internal pricing moves put SpaceX at roughly $800 billion, up from about $400 billion in August. Musk owns an estimated 42% of SpaceX, that move added more than $160 billion to his estimated wealth, lifting his total to roughly $677 billion as of the latest estimate. SpaceX is said to be targeting an IPO in 2026. At some investor levels, the company could be priced far higher. Figures as large as $1.5 trillion have been mentioned in reporting. If SpaceX ultimately reaches those heights in a public offering, it would be the single biggest driver of further additions to Elon Musk 's net worth. Musk's stake in SpaceX is now his largest single holding, Forbes has estimated. It eclipses the 12% stake he still holds in Tesla. Musk's Tesla stake has
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- An MIT roboticist who cofounded bankrupt Roomba maker iRobot says Elon Musk's vision of humanoid robot assistants is ‘pure fantasy thinking' [Fortune][Fortune]
- Tesla (NASDAQ:TSLA) had its price target raised by analysts at Mizuho from $475.00 to $530.00. They now have an "outperform" rating on the stock.[MarketBeat]
- Tesla Stock Broke Out But This Longtime Bull Decided To Take Profit [Yahoo! Finance][Yahoo! Finance]
- Ford is pulling back on EVs and getting in on the AI boom with data center battery storage [Business Insider][Business Insider]
- SpaceX Tender Offer Rockets Elon Musk Closer To Trillionaire Status [Forbes][Forbes]
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