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 SpaceX Starship exploded minutes after launch from Texas, forcing airline reroutes over the Gulf of Mexico and setting back Elon Musk’s rocket program.
Elon Musk deploys Cybertrucks with Starlink WiFi, power hubs, and supplies across wildfire-hit Los Angeles and Malibu. Supporting residents and emergency services, they aid communication and power access amid evacuations, deadly fires, and worsening conditions.
French President Emmanuel Macron has accused Elon Musk of meddling in European politics, joining other continental leaders in criticising the billionaire’s support for Germany’s far-right AfD ahead of the country’s elections.
Emmanuel Macron accuses Elon Musk of election interference, citing his support for Germany's far-right AfD and growing influence on global politics through his platform, X.
A ceasefire agreement between Israel and Hamas has been reached, with hostages set to be released after over 15 months of conflict. The deal also includes a prisoner exchange, offering hope for peace despite ongoing violence in Gaza.
After the U.S. Supreme Court upheld a law that could ban TikTok over national security concerns, President Biden stated the final decision would rest with the next president, Donald Trump, who is reportedly considering a temporary delay of enforcement
A fire ravaged a shopping mall in Culiacán, Mexico, on January 16, 2025, causing significant damage, including the collapse of the roof housing a casino. Emergency responders worked to control the blaze, with one injury and two others treated for nervous breakdowns. Cause remains unknown.
Russia and Iran have agreed to intensify cooperation in developing international transport corridors, especially the North-South corridor. The move aims to improve trade flows and create smoother transportation conditions for goods traveling through both countries.
The Houthis, ruling northern Yemen, have claimed responsibility for the seventh drone attack on the US aircraft carrier USS Harry Truman since its arrival in the Red Sea. The group also warned it is monitoring developments in the Gaza Strip.
Reports of a two-month halt in Azerbaijani gas supplies to Serbia are false. Despite a technical issue at Shah Deniz Alpha, Shah Deniz Bravo ensures steady exports, with supplies set to resume soon. BP confirms no damage or environmental impact.
Coast Guard divers Chuck Fox and Corey Smith from the US Cutter *Polar Star* successfully repaired a leaking shaft in the freezing waters of McMurdo Sound, Antarctica.
Azerbaijan has temporarily halted its contracted natural gas supply to Bulgaria following a technical issue at BP's Alpha platform in the Shah Deniz gas field.
As we welcome the new year, it’s time to focus on species needing urgent conservation in 2025. From delicate lizards to mighty hornbills and massive sharks, all face the threat of extinction.
Over 100 Paris 2024 Olympic medals were returned due to quality issues linked to EU regulations and an untested varnish formula. The IOC has pledged to replace all defective medals.
Blue Origin successfully launched its New Glenn rocket early Thursday, marking a key milestone in the satellite launch industry. The rocket, featuring a reusable first stage, lifted off from Cape Canaveral, positioning Blue Origin as a competitor to SpaceX in commercial space exploration.
Apple lost its position as China’s top smartphone seller in 2024, with Vivo and Huawei surpassing it after a 17% drop in shipments, marking its largest-ever annual decline. Rising competition, Huawei’s comeback, and shifting consumer trends challenge Apple’s market position.
Meta to cut 5% of staff, focusing on "low performers," while boosting AI investments. Restructuring continues as 2023's "Year of Efficiency" impacts thousands of roles.
RedNote, a Chinese lifestyle app known as Xiaohongshu, has seen a surge of over 500,000 TikTok users amid U.S. ban concerns. The platform, often called China’s Instagram, is exploring global expansion as it gains unexpected international attention.
Prime Minister Keir Starmer has affirmed that Britain will establish its own approach to artificial intelligence regulation, emphasising the importance of testing and understanding AI before implementing a proportionate and grounded regulatory framework.
A ceasefire agreement between Israel and Hamas has been reached, with hostages set to be released after over 15 months of conflict. The deal also includes a prisoner exchange, offering hope for peace despite ongoing violence in Gaza.
After the U.S. Supreme Court upheld a law that could ban TikTok over national security concerns, President Biden stated the final decision would rest with the next president, Donald Trump, who is reportedly considering a temporary delay of enforcement
A fire ravaged a shopping mall in Culiacán, Mexico, on January 16, 2025, causing significant damage, including the collapse of the roof housing a casino. Emergency responders worked to control the blaze, with one injury and two others treated for nervous breakdowns. Cause remains unknown.
Russia and Iran have agreed to intensify cooperation in developing international transport corridors, especially the North-South corridor. The move aims to improve trade flows and create smoother transportation conditions for goods traveling through both countries.
The Houthis, ruling northern Yemen, have claimed responsibility for the seventh drone attack on the US aircraft carrier USS Harry Truman since its arrival in the Red Sea. The group also warned it is monitoring developments in the Gaza Strip.
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