🇺🇸 Elon Musk Hits Record $BTC 500 Billion Net Worth 💰🚀
Elon Musk has officially become the first person in history to surpass a $SOL 500 billion net worth, according to Forbes. The surge comes amid a strong rebound in Tesla’s stock, which has climbed over 14% this year, alongside soaring valuations for xAI and SpaceX.
Musk, who owns 12.4% of Tesla, saw his fortune rise by more than $6 billion in a single day after Tesla’s shares jumped 3.3%. The rally followed renewed investor confidence as Musk refocused on Tesla and personally bought $1 billion worth of its shares.
However, Tesla still faces hurdles — including slowing sales and profit margin pressure — keeping it among the weaker members of the “Magnificent Seven” tech giants. Meanwhile, Tesla’s board has proposed a $1 trillion pay package for Musk, tied to ambitious growth targets.
Musk’s AI startup xAI, valued at $75 billion in July, was rumored to be seeking a $200 billion valuation, though Musk denied any active fundraising. At the same time, SpaceX is reportedly eyeing a $400 billion valuation.
