Damn, that's even more than I have. It's been hard keeping up with this guy, guess I'll have to start taking him a little more seriously going forward.
Elon Musk Just Became The First Person Ever Worth $800 Billion After SpaceX Acquired xAI
Elon Musk just became the first person ever worth $800 billion or more after his rocket maker SpaceX acquired his artificial intelligence and social media company xAI. Forbes estimates that the deal, which values the combined company at $1.25 trillion, boosted Musk’s fortune by $84 billion, to a record $852 billion.
Before the deal, Musk owned an estimated 42% stake in SpaceX worth $336 billion, based on a tender offer launched in December that valued the privately-held rocket maker at $800 billion. He also owned an estimated 49% stake in xAI worth $122 billion, based on a private fundraising round that valued that company at $250 billion earlier this month. After the merger, which valued SpaceX at $1 trillion and xAI at $250 billion, Forbes estimates that Musk now owns a 43% stake in the combined company worth $542 billion.