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Musk's Net Worth Just Hit $638 Billion -- and He's Not Slowing Down [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
after SpaceX was marked at roughly $800 billion in a recent insider share sale, lifting his estimated net worth to nearly $638 billion. The transaction values Musk's 42% stake at about $317 billion after applying a liquidity discount typically used for private companies. This development makes SpaceX the world's most valuable private company and represents the first time Bloomberg has calculated an individual's wealth above the $600 billion threshold. Warning! GuruFocus has detected 7 Warning Signs with RILY. Is TSLA fairly valued? Test your thesis with our free DCF calculator. The latest valuation further underlines how SpaceX has become a key driver of Musk's overall wealth alongside Tesla ( NASDAQ:TSLA ), where he also serves as chief executive officer. Musk first crossed the $100 billion mark in 2020 as Tesla's valuation surged and was worth about $4.8 billion when he entered Bloomberg's index in May 2013. SpaceX itself was valued at around $400 billion in a secondary offeri
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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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