Elon Musk Is About To Be the World's First Trillionaire. That May Not Be Because of Tesla.
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Elon Musk Is About To Be the World's First Trillionaire. That May Not Be Because of Tesla.
"It's true that Musk's stake in Tesla, now worth $1.6 trillion, amounts to around 15.3% of Tesla's outstanding share count. At the company's current valuation, that puts his holdings at around $250 billion in Tesla alone - a tidy sum. That said, his biggest equity investment actually isn't in Tesla. Here's what could drive an absolutely massive pay day for Elon Musk (outside of his potential trillion-dollar pay package investors just approved)."
"Well, the day appears to be nearing when SpaceX will go public, with the company interviewing bankers for an IPO in short order. This IPO could raise as much as $1.15 trillion based on the most recent estimates from analysts. That said, if SpaceX were to reach a valuation of $1.5 trillion (as some think is possible, given the company's Starlink a"
Elon Musk accumulated vast wealth by targeting long-duration, high-growth markets and building multiple companies. Tesla represents a large public stake, with roughly 15.3% ownership equating to about $250 billion at current valuations. A significant portion of Musk's net worth remains in private firms, especially SpaceX, whose private valuations vary until a public offering. SpaceX is reportedly interviewing bankers for an IPO that analysts estimate could raise up to $1.15 trillion, and some observers believe a $1.5 trillion valuation is possible due to Starlink. A public listing at those levels would materially boost Musk's net worth beyond his Tesla holdings.
Read at 24/7 Wall St.
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