Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 02/04/2026 4:14:31 PM PST by SmokingJoe
Elon Musk just became the first person ever worth $800 billion or more after his rocket maker SpaceX acquired his artificial intelligence and social media company xAI. Forbes estimates that the deal, which values the combined company at $1.25 trillion, boosted Musk’s fortune by $84 billion, to a record $852 billion.
Before the deal, Musk owned an estimated 42% stake in SpaceX worth $336 billion, based on a tender offer launched in December that valued the privately-held rocket maker at $800 billion. He also owned an estimated 49% stake in xAI worth $122 billion, based on a private fundraising round that valued that company at $250 billion earlier this month. After the merger, which valued SpaceX at $1 trillion and xAI at $250 billion, Forbes estimates that Musk now owns a 43% stake in the combined company worth $542 billion.
That makes SpaceX Musk’s most valuable asset by far. He also owns a 12% stake in Tesla worth $178 billion and Tesla stock options worth another $124 billion. That doesn’t include the record-breaking pay package Tesla shareholders approved in November that could give Musk up to $1 trillion in additional stock (before taxes and the cost of unlocking the restricted shares) if Tesla achieves “Mars shot” performance milestones like growing its market cap more than eightfold over the next 10 years.
(Excerpt) Read more at forbes.com ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
supposedly he is gonna merge that with Tesla would immediately put his worth over 1 trillion
A question: Is Elon Musk SpaceX and XAI’s most valuable asset?
Musk is such a once in a century type genius, what happens to his enterprises without his vision, drive, and organizational genius, centralized in one man?
He’s beginning to rival Scrooge McDuck!
Peanuts. 🥜
Democrats are going to find a way to steal it all from him when they regain power.
Yeah?
They tried the last time too.
And LOST!
I guess he can’t afford to pay Americans. Thank God he can hire indentured workers using H-1b visas. /sarcasm
Remember American workers are too expensive( so says the almost first trillionaire)
On track to becoming the first trillionaire. Any guess as to when that will happen? I’m guessing by the end of this year.
HOORAY Elon!
Woot! Time to father more kids.
Engineers who work with him will be able to share some of his best practices.
Geezers, & a Trillian is getting closer!!
Engineers who work with him will be able to share some of his best practices.
May his enterprises prosper.
May his work be inspired by God, to protect humanity from itself.
When Musk speaks about the need for humanity to be multi-planetary, its scary. Speaks of the potential for humanity to be wiped out on Earth, gives examples like comets or asteroids colliding with Earth. But he hints more about war being the cause of an extinction event. He's creating the largest bug-out bag ever. Hope he gets enough survival gear into Space.
Joe, it was all sarcasm. Your detector needs a tune-up.
Just find out when the SpaceX IPO will happen...that will be the day.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.