Elon Musk has reached a historic milestone, with his net worth soaring to $400 billion, making him the first person in history to achieve this feat, according to Bloomberg.
This significant increase, nearly $20 billion, comes largely due to a deal that boosted the valuation of Musk’s rocket company, SpaceX, to approximately $350 billion. As part of the deal, SpaceX and its investors agreed to purchase up to $1.25 billion in insider shares.
Musk’s wealth surge follows a period of substantial growth since the aftermath of the 2024 US presidential election, which appears to have catalyzed a remarkable rise in his personal fortune. SpaceX’s valuation jump reflects the growing confidence in the company, which has made significant strides in space exploration and satellite technology.
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