As SpaceX completes the acquisition of its artificial intelligence company xAI, Tesla CEO Elon Musk’s personal assets have officially exceeded the $800 billion mark, becoming the first person in human history to reach this level of wealth. According to Forbes, the deal values the combined company at $1.25 trillion, boosting Musk’s wealth by $84 billion to a record high of $852 billion.
Transaction details:
Prior to this merger, SpaceX launched an equity tender offer in December last year with a valuation of US$800 billion, and Musk’s 42% stake was worth approximately US$336 billion. xAI completed a round of private equity financing at the beginning of this month, with the company valued at US$250 billion, and Musk’s 49% stake is worth approximately US$122 billion.
The merger values SpaceX and xAI at US$1 trillion and US$250 billion respectively. Forbes calculates that Musk currently holds **43% of the combined company’s shares**, worth up to US$542 billion, making SpaceX Musk’s most valuable asset currently.
Other assets:
In addition, Musk also holds a 12% stake in Tesla (worth $178 billion) and Tesla stock options worth $124 billion. It is worth noting that Tesla shareholders approved an unprecedented compensation package in November last year: If Tesla achieves “ambitious goals” in the next 10 years – such as increasing its market value by more than 8 times, Musk will receive an additional stock award of up to US$1 trillion.
Breaking four milestones in four months:
In just four months, Musk has reached four major wealth milestones:
– Resigned from the Department of Government Efficiency (DOGE) in October last year to focus on Tesla operations, and his net worth exceeded US$500 billion
– On December 15, SpaceX’s valuation doubled and its net worth exceeded US$600 billion.
– Net worth tops $700 billion after Delaware Supreme Court reinstates stock options four days later
– Now that SpaceX’s acquisition of xAI is completed, its net worth exceeds US$800 billion
Currently, Musk’s net worth is $578 billion ahead of Larry Page, the world’s second richest man and Google co-founder. It feels like it will only be a matter of time before he breaks the omen.
Source: KOCPC Chinese