According to Forbes, Elon Musk's net worth has been estimated at 600 billion dollars for the first time, amid rumors of SpaceX's upcoming IPO with a valuation of 800 billion dollars, according to reports.
According to Reuters, Musk, who significantly increased his net worth to 500 billion dollars in October, owns about 42% of SpaceX shares, which is preparing for an IPO next year. The valuation of SpaceX could raise the entrepreneur's net worth to 677 billion dollars.
In addition, his wealth has also grown due to a 12% stake in Tesla, the electric vehicle manufacturer. The company's shares have risen by 13% since the beginning of the year, despite a decline in sales volumes. On Monday, December 15, the stock price increased by nearly 4% after Musk announced the testing of a driverless robotaxi with no one in the front seat.
In November, Tesla shareholders approved a massive compensation plan for Musk, which amounted to 1 trillion dollars. This is the largest corporate payout package in history, which investors supported in hopes of transforming the company into a giant in artificial intelligence and robotics.
Additionally, according to the press, Musk's AI startup xAI is actively negotiating to raise 15 billion dollars in new investments at a company valuation of 230 billion dollars.
