SpaceX, Private Ventures Fuel Elon Musk’s Trillion-Dollar Dreams

Core Insights - Elon Musk is on the verge of becoming the world's first trillionaire, with SpaceX being the primary driver of his increasing net worth, despite Tesla's prominence in his public image [1][2]. Group 1: Musk's Net Worth and Growth - Musk's net worth has increased nearly 50% year over year, reaching an estimated $645 billion, driven by rising valuations for SpaceX and renewed confidence in Tesla [3]. - The approval of a performance-based compensation package by Tesla shareholders could significantly enhance Musk's stake in the company, shifting his wealth accumulation from gradual increases to major corporate milestones [2][3]. Group 2: SpaceX Valuation and Impact - SpaceX is valued between $350 billion and $800 billion in private markets, with Musk owning approximately 42% of the company, translating to a stake worth between $136 billion and over $300 billion [5]. - If SpaceX goes public at projected valuations of up to $1.5 trillion, Musk's stake could exceed $600 billion, dramatically altering his net worth [5]. Group 3: Starlink's Role - Starlink, SpaceX's satellite internet service, has rapidly gained traction, adding over 1 million new customers in less than seven weeks, totaling more than 9 million active users across 155 countries, indicating a growth rate of over 20,000 new users per day [6].