#How has Elon Musk's net worth evolved?
Elon Musk has recently achieved a significant milestone by surpassing a net worth of $600 billion. His fortune is currently estimated at around $684 billion, according to Forbes. This remarkable rise in wealth follows SpaceX attaining an $800 billion valuation after a recent insider share sale, propelling it into the position of the world's most valuable private company.
The trajectory of Musk's wealth is poised for further elevation, particularly with SpaceX's plans for an upcoming initial public offering (IPO). This IPO could potentially raise over $30 billion while aiming for a staggering $1.5 trillion valuation, which could be recognized as the largest public listing in history, as highlighted by Bloomberg.
#What are the market predictions for Musk's wealth?
There is a notable shift in prediction markets regarding Musk's long-term wealth outlook in light of his recent net worth increase. Current data from Kalshi indicates that traders are assigning an 85% probability that Musk will achieve trillionaire status by 2029. Moreover, confidence has risen for more immediate timelines, with approximately a 60% chance estimated that Musk could reach the trillion-dollar mark before 2027.
In addition, Tesla's shares have reached new heights, closing nearly at $490. This uptick is attributed to a more than 20% increase over the past month, largely driven by advancements in Tesla’s robotaxi pilot program. Market trends indicate that investors are closely monitoring these developments, as they could greatly impact Musk's wealth in the coming years.