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SpaceX Tender Offer Rockets Elon Musk Closer To Trillionaire Status [Forbes]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Elon Musk just set a new record: He's the first person to surpass more than $600 billion in net worth. His firm SpaceX launched a tender offer that values the rocket maker at $800 billion, boosting his fortune to an estimated $677 billion midday Monday. In fact, Musk is closer to becoming a trillionaire than he is to the world's No. 2 richest person The trillionaire feat could come soon, given SpaceX is targeting an IPO next year that could value the firm at around $1.5 trillion, and Tesla investors recently approved a pay package for Musk that could be worth up to $1 trillion. As electric vehicle sales slump industrywide, Ford said Monday it expects to take a $19.5 billion profit hit as it pivots away from EVs. The automaker, which has lost more than $13 billion on its EV business since 2023, will cease production of its electric F-150 trucks in favor of hybrid and gas-powered vehicles. GO TO PAGE An estimated 80% of small business failures are attributed to cash flow mism
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- Elon Musk's Net Worth on Its Way to $1 Trillion [Yahoo! Finance][Yahoo! Finance]
- You can make up to $200K working in Trump's new ‘Tech Force'—and you don't need a degree or work experience [Fortune][Fortune]
- SpaceX sets $800B valuation, confirms 2026 IPO plans, Bloomberg says [Yahoo! Finance][Yahoo! Finance]
- 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]
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