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 kinds within the latter half of this 12 months, thanks partially to his substantial holdings in his companies, similar to non-public house firm SpaceX, electrical car maker Tesla, and synthetic intelligence startup xAI.
Key updates:
- Elon Musk’s web price is tied to his firms, and this 12 months, Tesla, SpaceX, and his different ventures similar to 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 helpful non-public firm on the planet, 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 in the present day.
- Tesla at present 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 12 months to $50 billion.
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— Elon Musk (@elonmusk) December 11, 2024
A more in-depth look:
- SpaceX at present 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 Area Explored.
- SpaceX’s Starship program is making notable progress towards its objective of attaining full reusability.
- Tesla is the world’s most precious automaker, and it at present produces the Mannequin Y, the world’s best-selling car by quantity final 12 months. The Cybertruck additionally stands as america’ best-selling electrical pickup truck.
- Tesla’s Full Self-Driving (Supervised) system is making headway towards changing into a real driverless resolution that may totally energy autos just like the Cybercab.
- xAI shortly grew into one of many world’s most aggressive AI startup firms this 12 months.
- xAI was capable of 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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