Elon Musk becomes 1st individual to exceed $600bn net worth
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Morning Overview on MSN
Could SpaceX hit Tesla-level value and how Musk builds $1T companies
SpaceX is suddenly brushing up against the kind of valuation territory that used to belong almost exclusively to Big Tech and Tesla, forcing investors to ask whether Elon Musk is on the verge of building another $1 trillion giant.
Elon Musk has topped the charts as the world’s richest person several times since January 2021. Yesterday, he became the first person in history to be worth $600 billion after reports that his company SpaceX was valued at $800 billion in a private tender offer.
Elon Musk has officially become the world's first person to reach a net worth of $600 billion, Forbes reported Monday, fueled by plans for his SpaceX startup to go public with an $800 billion valuation.
Elon Musk on Monday became the first person ever worth $600 billion, Forbes said, on the heels of reports that his SpaceX startup was likely to go public at a valuation of $800 billion.
Elon Musk reached another personal wealth milestone, with the valuation of SpaceX soaring to record new highs.
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Is Elon Musk's Pay Package Really $1 Trillion? And What Could It Mean for Tesla's Stock?
Using Tesla's current shares outstanding (3.5 billion) and the market cap target suggests a share price of about $2,400. That's nearly 6 times the current share price, which is extremely ambitious. (Note that 424 million shares multiplied by $2,400 gets you to over $1 trillion.)
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Longtime Tesla investor Ross Gerber says 2026 will be a year of reckoning for Musk's car company
Tesla-investor-turned-bear Ross Gerber says that Elon Musk needs to show results on the company's biggest initiatives in 2026 or face investor backlash.
The SpaceX CEO just woke up $168 billion richer and set the bar for the first person estimated to be worth more than $600 billion.