Elon Musk’s fortune breaks the $600 billion mark as new SpaceX valuation ignites wealth surge
The Economic Times·2025-12-16 05:40
Bloomberg estimates Musk’s wealth at nearly $638 billion after SpaceX was valued at about $800 billion in an insider share sale, a transaction that makes the Starbase, Texas-based company the world’s most valuable private firm. Musk, 54, is the founder and chief executive officer of SpaceX.SpaceX deal redefines private valuationsMusk’s 42% stake in SpaceX is valued at about $317 billion after applying a liquidity discount typical for private companies, Bloomberg said. The latest deal effectively doubles Sp ...