SpaceX's valuation has surged to $400 billion, up from $350 billion in December, solidifying its dominant position in the rocket industry. Elon Musk owns 42% of SpaceX and has seen a rise in his net worth to $349 billion, even as it remains down $83 billion since 2025's start. Tesla's shares dropped 29% this year to a market cap of $959 billion due to a 10% sales decline, particularly in Europe. Meanwhile, SpaceX's advancements in satellite technology support its growing dominance and future plans to expand its broadband network to 34,000 satellites.
Privately held rocket company SpaceX's valuation rose to $400 billion following recent private market stock sales, significantly increasing from $350 billion in December.
Elon Musk, owning 42% of SpaceX, saw his net worth climb $3 billion to $349 billion, though he remains down $83 billion since the beginning of 2025.
Despite a 29% drop in Tesla's shares this year, which fell to a market cap of $959 billion, SpaceX's advancements helped cushion the financial impact on Musk's wealth.
SpaceX has established a near monopoly in the rocket industry, crucial for the increasing demand for satellite launches and its expansive broadband network capabilities.
Collection
[
|
...
]