Elon Musk is now worth $1.4 trillion. This follows the SpaceX share issue earlier this week. The value of SpaceX just before the IPO was around $1.77 trillion, and Elon Musk owned 42% of it.
Soon after SpaceX issued the IPO, its value shot to over $2.5 trillion. Therefore, Elon Musk’s share value increased significantly.
SpaceX shares up almost by 50%
Since the IPO issue at $135 per share, the share price has greatly risen. It’s increase has been fluctuating by 40 to 60%. At different times, the shares sold at $187 $213, and $186.
For that reason, SpaceX is now worth much more than Jeff Bezo’s Amazon. While Amazon is worth around $2.66 trillion, SpaceX’s worth is around $2.78 trillion.
Considering how much interest people showed in the SpaceX’s IPO, the company is likely to experience vibrancy in Nasdaq. Nasdaq is the Stock Exchange where the SpaceX shares traded publicly for the first time. It is based in the city of New York. Musk himself could be optimistic, considering that the uncertainty that comes with war seems to be coming to an end.
SpaceX and Other Musk Investments
Musk has shares in Tesla too, and they are worth around $200 billion. These and his investments in Neuralink and The Boring Company, plus his SpaceX shares, increase his worth to almost $1.5 trillion. Elon Musk’s shares and stock options in Tesla give him almost 20% company ownership. For the Boring Company, valued at around $7 billion, he owns almost 80% of it.