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Forbes: Musk's Net Worth Reaches $600 Billion Amid SpaceX IPO Prep
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters
Photo by BoliviaInteligente on Unsplash
TL;DR
Elon Musk reached a $600 billion net worth, as reported by Forbes and Reuters, around the time SpaceX considered an $800 billion IPO. His wealth is supported by a Tesla stake and the AI venture, xAI, seeking funding at a $230 billion valuation.
Key takeaways
- Elon Musk has reportedly become the first individual to achieve a net worth of $600 billion, according to a Forbes report cited by Reuters
- This milestone coincides with reports that his aerospace company, SpaceX, is preparing for a potential initial public offering, targeting a valuation of $800 billion
- Musk's substantial wealth is further bolstered by his other prominent ventures
Elon Musk has reportedly become the first individual to achieve a net worth of $600 billion, according to a Forbes report cited by Reuters. This milestone coincides with reports that his aerospace company, SpaceX, is preparing for a potential initial public offering, targeting a valuation of $800 billion.
Musk's substantial wealth is further bolstered by his other prominent ventures. These include an approximate 12% stake in Tesla, the electric vehicle manufacturer, and his artificial intelligence startup, xAI. The latter is reportedly seeking funding at a valuation of $230 billion.
Related Topics
Elon MuskSpaceXIPOnet worthForbesbillionaire
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