SpaceX Valuation Reaches $350 Billion, Making Elon Musk Wealthiest Person at $442 Billion

Dec 10, 2024, 11:40 PM

SpaceX, Elon Musk's rocket and satellite company, has reached a valuation of approximately $350 billion following an insider share sale where the company and its investors agreed to purchase as much as $1.25 billion of SpaceX's common shares at $185 each. This valuation makes SpaceX the most valuable private company in the world, surpassing the market capitalizations of public companies like Salesforce, Chevron, and Coca-Cola. Elon Musk, who owns about 42% of SpaceX, has seen his net worth surge to an all-time high of $442 billion, becoming the first person to exceed $400 billion in personal wealth.