Elon Musk’s estimated internet value has reached a record-setting $442 billion. This successfully makes the CEO the primary individual in historical past to attain a internet value that surpassed the $400 billion mark.
Musk’s internet value has seen an ideal storm of kinds within the latter half of this yr, thanks partially to his substantial holdings in his companies, corresponding to personal house firm SpaceX, electrical automobile maker Tesla, and synthetic intelligence startup xAI.
Key updates:
- Elon Musk’s internet value is tied to his corporations, and this yr, Tesla, SpaceX, and his different ventures corresponding to xAI have seen notable jumps in valuation.
- Musk’s $442 billion internet value was achieved after SpaceX’s valuation jumped to about $350 billion. This makes SpaceX essentially the most priceless personal firm on this planet, as famous in a Bloomberg Information report.
- Previous to SpaceX reaching a valuation of $350 billion, Musk’s internet value 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 probably not misplaced momentum till at this time.
- Tesla presently 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 yr to $50 billion.
🤯
— Elon Musk (@elonmusk) December 11, 2024
A better look:
- SpaceX presently 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 House Explored.
- SpaceX’s Starship program is making notable progress towards its purpose of attaining full reusability.
- Tesla is the world’s Most worthy automaker, and it presently produces the Mannequin Y, the world’s best-selling automobile by quantity final yr. The Cybertruck additionally stands as the USA’ best-selling electrical pickup truck.
- Tesla’s Full Self-Driving (Supervised) system is making headway towards turning into a real driverless resolution that may absolutely energy autos just like the Cybercab.
- xAI shortly grew into one of many world’s most aggressive AI startup corporations this yr.
- 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.”
Don’t hesitate to contact us with information ideas. Simply ship a message to [email protected] to present us a heads up.
