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Elon Musk’s Net Worth Is Already Up $10 Billion This Year
Yahoo Finance· 2026-01-07 14:15
Group 1 - Elon Musk's net worth has increased by $10 billion to $630 billion in 2026, despite Tesla's stock price decline [1][7] - SpaceX is preparing for a likely initial public offering (IPO), which could be valued at $1.5 trillion, making it potentially the largest IPO in 2026 and possibly of all time [2] - Musk owns 43% of SpaceX and 79% of the voting shares, indicating significant control over the company [2] Group 2 - Musk's other asset, xAI, was formed from a merger between social media company X and xAI, with a combined value of $113 billion at the time of the merger [3] - Tesla's stock price has shown recovery, rising from $220 in April 2025 to over $432, following a period of decline attributed to Musk's relationship with President Trump and a drop in sales [4] - The potential release of fully autonomous vehicles by Tesla could further increase Musk's net worth [4]