Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark.
Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, Bloomberg reported Tuesday. SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares.
Our source has reached out to SpaceX for comment, but the company typically does not respond to media requests.
Since the aftermath of the 2024 US presidential election, Musk has enjoyed a huge surge in his personal wealth.
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