Elon Musk’s estimated web price has reached a record-setting $442 billion. This successfully makes the CEO the primary particular person in historical past to realize a web price that surpassed the $400 billion mark.
Musk’s web price has seen an ideal storm of types within the latter half of this yr, thanks partly to his substantial holdings in his companies, reminiscent of personal area firm SpaceX, electrical automobile maker Tesla, and synthetic intelligence startup xAI.
Key updates:
- Elon Musk’s web price is tied to his firms, and this yr, Tesla, SpaceX, and his different ventures reminiscent of xAI have seen notable jumps in valuation.
- Musk’s $442 billion web price was achieved after SpaceX’s valuation jumped to about $350 billion. This makes SpaceX probably the most beneficial personal firm on the earth, as famous in a Bloomberg Information report.
- Previous to SpaceX reaching a valuation of $350 billion, Musk’s web price was already being boosted by his TSLA holdings.
- Tesla has been on a wild tear because it reported its Q3 2024 earnings, which beat analyst expectations. Donald Trump’s win on the 2024 U.S. presidential election resulted in one other TSLA rally that has not likely misplaced momentum till at the moment.
- Tesla at the moment has a market cap of $1.315 trillion as of writing, nearing all-time highs.
- Musk’s synthetic intelligence startup, xAI, additionally noticed its valuation double this yr to $50 billion.
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— Elon Musk (@elonmusk) December 11, 2024
A better look:
- SpaceX at the moment dominates the spaceflight sector, with the corporate launching 128 missions in 2024 as of three days in the past. These are comprised of 123 Falcon 9, two Falcon Heavy, and three Starships, as per House Explored.
- SpaceX’s Starship program is making notable progress towards its objective of reaching full reusability.
- Tesla is the world’s Most worthy automaker, and it at the moment produces the Mannequin Y, the world’s best-selling automobile by quantity final yr. The Cybertruck additionally stands as america’ best-selling electrical pickup truck.
- Tesla’s Full Self-Driving (Supervised) system is making headway towards turning into a real driverless resolution that may absolutely energy autos just like the Cybercab.
- xAI shortly grew into one of many world’s most aggressive AI startup firms this yr.
- xAI was in a position to construct its Colossus supercomputer, which was initially comprised of 100,000 Hopper GPUs, in simply 122 days. This was a feat dubbed by Nvidia CEO Jensen Huang as “superhuman.”
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