Elon Musk reaches $439 billion net worth
Summary
The transaction added $50 billion to Musk’s net worth in a single move, making SpaceX the world’s most valuable private startup. According to Forbes, Musk owns 12% of the electric vehicle giant, which has driven the adoption of electrification and renewable energy globally. However, Musk faced a legal setback this week when a Delaware judge struck down his 2018 Tesla compensation package, initially valued at over $50 billion. Musk also owns 54% of xAI, an artificial intelligence company founded in 2023, which The Wall Street Journal reported had reached a $50 billion valuation as of last month. Meanwhile, The Boring Company, focused on transportation tunnels, achieved a $5.68 billion valuation in April 2022 following a Series C funding round.