A major share sale by space technology company SpaceX has reignited discussions over Elon Musk’s rapidly growing fortune. According to an analysis by Reuters, the latest development could pave the way for Musk to become the world’s first individual to reach a net worth of $1 trillion.
The report said SpaceX recently raised approximately $75 billion through a large-scale share sale, marking one of the most significant financial achievements in the company’s history. The move has substantially increased both the company’s valuation and Musk’s personal wealth.
According to Forbes estimates, Musk’s net worth stood at around $780 billion before the latest transaction. Following the new valuation, analysts believe his fortune could approach $1.1 trillion.
Market observers noted that Musk’s stake in SpaceX remains the primary driver of his wealth. His holdings in Tesla and other technology ventures have also played a major role in strengthening his financial position.
Since taking the helm of Tesla, Musk has helped transform the global electric vehicle industry. Through SpaceX, he has also become a leading figure in private space exploration. In 2022, he acquired social media platform Twitter and later rebranded it as X.
Source: Reuters.