This came after SpaceX’s initial public offering, which was the largest in market history, according to Reuters.
According to the source, the space company’s IPO was the largest in market history, raising approximately $75 billion. Following the offering, the value of Musk’s stake in SpaceX is estimated at approximately $866 billion, and the entrepreneur’s total net worth at $1.1 trillion.
Prior to the IPO, Musk’s net worth was estimated at approximately $780 billion, with his key assets remaining his stakes in Tesla, the social media platform X, and projects in the field of artificial intelligence.
It is noted that the rise in SpaceX’s valuation is linked not only to the company’s current financial performance but also to investors’ expectations regarding the future development of the space industry, including the Starlink satellite system, commercial launches, and government contracts.
