Elon Musk Net Worth: Do you know that Elon Musk’s wealth has once again reached a record level? There has been a huge jump in the net worth of xAI and SpaceX CEO Elon Musk. After the recent decision of an American court, his total wealth has reached approximately 750 billion dollars. This jump has come due to the reinstatement of Tesla’s salary package which was canceled earlier.
Picture changed due to court decision
The Delaware Supreme Court of America has again approved Elon Musk’s Tesla Pay package of 2018. Earlier in 2024, the lower court had rejected this package. The court said that if this package is completely removed, then Musk will not be considered to have been paid any for his work in the last six years. On the basis of this logic the old decision was overturned.
$139 billion stock option package
This wage agreement, decided in 2018, is worth around $139 billion as per the current Tesla share price. Under this deal, Elon Musk got the option to buy about 304 million shares at a huge discount on meeting certain targets. If Musk exercises all these stock options, his stake in Tesla could increase from 12.4 percent to 18.1 percent. Tesla’s board had already warned that if Musk’s salary was hindered, he could also decide to leave the company.
First person to cross 600 billion dollars
Recently, Elon Musk created history by becoming the first person in the world to achieve a net worth of more than $600 billion. A major reason for this is the ongoing discussions regarding SpaceX. According to reports, SpaceX may soon bring a tender offer due to which the company’s valuation has reached around $800 billion. Due to this, Musk’s wealth increased by about $168 billion and his net worth was estimated at about $677 billion.
Will wealth increase further through IPO, Tesla and xAI?
SpaceX is preparing to launch an IPO next year in which the company’s valuation could be up to $1.5 trillion. Apart from this, the current value of Musk’s approximately 12 percent stake in Tesla is around $197 billion which does not include stock options. At the same time, his AI company xAI Holdings is also in talks for new investment, where the possible valuation of the company is said to be 230 billion dollars. Elon Musk has 53 percent stake in xAI, which is estimated to be worth around $60 billion.
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