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Elon Musk’s net worth reaches record $684 billion, SpaceX now valued at $800 billion

Crypto Briefing
Elon Musk's net worth hit a record $684 billion after SpaceX was valued at $800 billion in a recent share sale.

Summary

Elon Musk has become the first person with a net worth exceeding $600 billion, estimated by Forbes at approximately $684 billion, driven by SpaceX achieving an $800 billion valuation through an insider share sale, making it the world's most valuable private company. This valuation surge also marked Musk's largest single-day net worth gain. If SpaceX proceeds with its anticipated IPO, which could raise over $30 billion at a $1.5 trillion valuation, his wealth is expected to increase further. Prediction markets are showing increased confidence that Musk will become a trillionaire, with an implied 60% probability before 2027. Additionally, Tesla stock also reached a new all-time high near $490.

(Source:Crypto Briefing)