Elon Musk became the first person in human history to exceed $700 billion in wealth. This record result is mainly due to the increase in the value of Tesla's shares.
It was reported that the recent decision of the Delaware Supreme Court significantly contributed to the sharp increase in Musk's wealth. The court reviewed and reinstated the previously overturned decision on Tesla stock options - that is, the right to purchase shares in advance, usually below market value. Currently, the value of these options is estimated at approximately $139 billion.
Forbes has been calculating the value of these options, carefully reducing it by 50%, since January 2024. However, after the court decision, this approach was revised, and as a result, Elon Musk's total wealth increased by an additional $69.5 billion. Currently, the entrepreneur's capital is estimated at around $749 billion.
Notably, Musk was listed as the first person in history to have a fortune exceeding $600 billion on December 15th. Following a tender proposal announced this month, his nearly 42 percent stake in SpaceX rose to $336 billion. Currently, SpaceX's total valuation has reached $800 billion, which is twice as high as $400 billion in August.
Also, Elon Musk was previously recorded as the first person in history to possess a fortune of $500 billion - this event took place on October 1. Currently, its second-largest asset - its share in SpaceX - is said to be approximately $2 billion cheaper than its assets in Tesla.
According to experts, SpaceX is also the main factor that could make Elon Musk the world's first trillionaire. The company plans to conduct an IPO in 2026. If this happens, SpaceX could be valued at approximately $1.5 trillion on the market. IPO is the process of offering shares of a private company to public investors on the stock exchange for the first time.
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