Muskis the largest shareholder and CEO of both companies, with a 54% stake in SpaceX and more than 20% ownership ofTesla. SpaceX successfully launched 60 Starlink satellites into orbit recently, and hasraised more than $1.02 billionsince the beginning of 2019. Tesla shares have declined by m...
Where does Musk's wealth come from? Since the election, shares of Tesla have soared almost 70%, lifting the value of his stake to about $165 billion, according to Bloomberg. His stake in xAI, his artificial intelligence company, is worth about $25 billion, while his SpaceX hold...
The two richest people on the planet are heading for a showdown in space. Elon Muskversus Amazon founderJeff Bezos: they both launched prototype rockets on the same day, a rivalry with billions of dollars at stake. SpaceX's Starship is fuelled by Musk's extraordinary appetite for ris...
Follow the latest Elon Musk news stories and headlines. Get breaking news alerts when you download the ABC News App and subscribe to Elon Musk notifications.
Isaacman in charge Still, Isaacman’s position at the head of NASA would no doubt spur critics who may paint Isaacman as a Musk crony, installed to advance SpaceX’s interests as the federal agency doles out lucrative contracts. For his part, however, Bezos said on Wednesday that he did...
SpaceX is not meant to just make widgets and profit. Mars is the objective and whether by SpaceX or otherwise, it is the first stop in humankind’s journey into the final frontier. Mars is why Musk developed SpaceX. To that end, the first focal point for Space...
Elon Musk is the founder of SpaceX and Tesla Motors, among other companies. Their success has propelled him to become the richest person in the world, with a net worth greater than $435 billion. The South African–born entrepreneur started his first businesses in the 1990s: an online city ...
Elon Musk recently announced that he was relocating the companies SpaceX and X (formerly Twitter) from their current headquarters in California to Texas. The news has placed a spotlight on the rise in big tech shifting its ...
Musk used most of the proceeds from his PayPal stake to found Space Exploration Technologies Corp., the rocket's developer commonly known as SpaceX. By his own account, Musk spent $100 millionto found SpaceX in 2002.22 Under Musk’s leadership, SpaceX landed several high-profile contracts wit...
Elon Musk, who owns an estimated 42% stake in SpaceX, has seen his net worth increase substantially with the company's rising valuation.5 The recent valuation adds about $40 billion to his wealth, offsetting losses from other ventures and reinforcing his position as the world's richest indivi...