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It’s simply historic. Elon Musk has once again seen his fortune skyrocket. By earning $62.8 billion in just one day, the entrepreneur is now sitting on a net worth of $447 billion. He becomes the first individual to cross the dizzying threshold of $400 billion.
SpaceX’s valuation explodes
A colossal increase that can be explained, in part, by the valuation of SpaceX, his space company. A recent share buyback has in fact set the startup’s value at $350 billion, compared to $180 billion about a year ago. It is now the most valuable private company in the world, surpassing even listed monsters like LVMH, Samsung and Toyota.
This increase is not due to chance. A fervent supporter of Donald Trump, Elon Musk will hold a ministerial role in the administration of the president-elect. SpaceX's revenues rely heavily on government contracts awarded by NASA, so there is no doubt that the company will benefit in the years to come, especially since it is Jared Isaacman, billionaire and friend of Musk, who will lead the space agency.
© SpaceX
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At the same time, Tesla’s share price, which is the largest part of Elon Musk’s fortune, continues to explode. On Wednesday, December 11, it reached a record $424.7, its highest level since its IPO. The electric car manufacturer’s market capitalization exceeds $1 trillion, and has continued to rise since Donald Trump’s election.
But Elon Musk’s fortune is also growing thanks to xAI, his young startup specializing in generative artificial intelligence (AI). Its value is now estimated at $50 billion, while it operates the world’s largest supercomputer.
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The first person to reach $1 trillion in personal wealth?
The entrepreneur’s empire doesn’t stop there. His stake in X, formerly Twitter, is valued at $11.6 billion. The Boring Company, which specializes in tunnels and infrastructure, also contributes to his fortune with a value estimated at $5.7 billion.
Aside from his many businesses, which should benefit from a favorable regulatory environment under Donald Trump’s presidency, Musk has nearly $6 billion in cash and various investments, according to Forbes.
A recent study showed that the businessman was on track to become the first person to surpass $1 trillion in personal wealth. It could even reach this improbable milestone as early as 2027.
- Elon Musk's fortune has just passed the historic milestone of 400 billion dollars.
- This is explained in particular by the increase in the value of SpaceX and Tesla after the election of Donald Trump.
- Elon Musk will be a minister in the Trump administration; government decisions are expected to lean in favor of its companies during the four-year term.
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