SpaceX Valuation and Musk's Wealth
's net worth soared to $400 billion, making him the first person to reach this milestone, fueled by 's valuation jump to $350 billion following an insider share deal.
Musk's wealth growth is attributed to his stakes in Tesla, SpaceX, and ventures like xAI, with Tesla shares hitting a record high and xAI doubling in value to $50 billion.
Legal and Political Context
A Delaware court rejected Musk's $101 billion Tesla pay package, but his wealth continues to climb through other ventures and stock valuations.
Musk's financial surge is linked to his alliance with President-elect , influencing Tesla's stock and fostering an environment for his companies' expansion.