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The private rocket manufacturer, SpaceX, achieved a valuation of approximately $800 billion following an hour-long share sale, making it the most valuable private company globally. Musk’s 42% stake in SpaceX is now worth an estimated $317 billion, even after accounting for liquidity discounts traditionally applied to private companies.

The Magnitude of Musk’s Wealth

To contextualize Musk's wealth growth, consider that he was worth only about $4.8 billion in 2013 when he first entered the Bloomberg index as a billionaire. Within a decade, this figure skyrocketed, largely due to Tesla’s impressive rise, transforming Musk into the world's richest individual by late 2023.