Public stock market data

Elon Musk's Net Worth Surpasses $400 Billion, Driven by Tesla and SpaceX

Dec 11, 2024, 04:52 PM

Elon Musk has become the first person in history to exceed a net worth of $400 billion, according to Bloomberg's Billionaires Index. His wealth has surged by 66% since November 5th, driven by a significant increase in Tesla shares, which hit a new all-time high, and a recent SpaceX share sale valuing the company at $350 billion. Musk's ventures, including Tesla, SpaceX, and xAI, have all seen notable valuation increases this year, contributing to his unprecedented financial milestone. Tesla shares gained 3.5% to reach this record, marking the first intraday record since 2021.