Tesla CEO Elon Musk has reached another major milestone, with his net worth surpassing $400 billion. This achievement comes on the back of a significant rise in Tesla's stock this year and the growing valuation of his space exploration company, SpaceX.
Tesla CEO Elon Musk’s net worth surpassed $400 billion on December 12, according to the Forbes real-time billionaires list. The milestone was driven by a 71% surge in Tesla’s shares this year and the rising valuation of his rocket company, SpaceX.
Musk, Tesla’s largest shareholder with a 13% stake, saw the automaker's shares hit a record $424.9 on Wednesday, continuing a rally that began after the November 5 election.
His wealth was further boosted by a SpaceX insider share sale, where Musk and investors agreed to buy up to $1.25 billion in common shares, Bloomberg reported. Musk noted on X that "almost no investors wanted to sell shares even at a $350B valuation!" He added that SpaceX reduced its share buyback from employees to attract new investors.
Tesla investors are optimistic about Musk’s ties with President-elect Donald Trump, believing his influence on policy could benefit the automaker.
Beyond Tesla, Musk leads Neuralink, a brain-tech startup, and SpaceX, both of which depend heavily on government policies. Musk, who reportedly spent over $250 million to support Trump’s election, also owns social media platform X and The Boring Company, a tunnel construction firm.
A second group of Palestinians receiving medical treatment arrived in Egypt from Gaza via the Rafah border crossing on Tuesday (3 February)....
U.S. Secretary of State Marco Rubio met on Tuesday (February 3) with Indian Foreign Minister Subrahmanyam Jaishankar one day after the U.S. and India...
Washington has accepted Tehran’s request to relocate planned nuclear talks, with negotiations now expected to take place in Oman on Friday (6 Februr...
British Prime Minister Keir Starmer spoke to U.S. President Donald Trump on Tuesday and discussed the situation in Ukraine, including the overnight Ru...
U.S. President Donald Trump on Tuesday (3 February) signed a spending deal into law that ends a partial U.S. government shutdown and gives lawmakers t...
Ukraine is creating a white list for Starlink terminals to ensure only verified devices stay active, after officials warned that Russian forces were attempting to use the network during the Ukraine conflict.
Elon Musk’s rocket company SpaceX has acquired his artificial intelligence firm xAI, as the billionaire moves to bring more of his technology businesses under one structure.
UK Prime Minister Keir Starmer has said former Prince Andrew should testify before the U.S. Congress following the release of millions of new documents linked to late sex offender Jeffrey Epstein, as the files also raise fresh questions about ties between Epstein and Microsoft founder Bill Gates.
Newly released Epstein files name French President Emmanuel Macron among figures referenced in millions of disclosed documents.
Talks with the U.S. should be pursued to secure national interests as long as "threats and unreasonable expectations" are avoided, President Masoud Pezeshkian posted on X on Tuesday (3 February).
Cuba’s Deputy Foreign Minister Carlos Fernández de Cossío has denied that Havana and Washington have entered formal negotiations, countering recent assertions by U.S. President Donald Trump, while saying the island is open to dialogue under certain conditions.
Mexico said it will stop sending oil to Cuba as U.S. President Donald Trump ramped up pressure on the Caribbean nation.
10 people were killed and 26 others injured when a passenger bus rolled off a road and plunged into a ravine in southern Türkiye’s Antalya province on Sunday (1 February), local officials said. In a separate incident, at least seven people were killed in a collision in a tunnel.
Iranian media outlets have backtracked on claims President Masoud Pezeshkian ordered a return to nuclear talks with the United States, fuelling fresh uncertainty over the state of diplomacy between the two rivals.
Wall Street ended sharply lower on Tuesday as investors worried about AI creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment