Elon Musk is the driving force behind several groundbreaking companies, each reshaping its respective industry. As CEO of Tesla, the world’s most valuable carmaker, he leads the development of electric vehicles and solar energy solutions. Musk also heads SpaceX, a rocket manufacturing company that partners with NASA for space station resupply missions. Additionally, he owns X, formerly known as Twitter, and oversees ventures such as Neuralink, xAI, and The Boring Company.
A Milestone in Wealth
On December 11, CNN reported Musk’s net worth surpassed $400 billion, making him the first person to achieve this milestone. His fortune primarily stems from significant stakes in Tesla and other enterprises.
Musk’s Holdings in Tesla and SpaceX
According to Bloomberg, Musk owns approximately 13% of Tesla, as outlined in the company’s 2024 proxy statement. He also holds 304 million stock options from his 2018 compensation package. SpaceX, valued at nearly $350 billion in a December 2024 tender offer, has Musk holding a 42% stake via a trust, based on FCC filings and Bloomberg’s calculations.
Ownership of X Corp and Other Ventures
Musk is estimated to own 79% of X Corp, previously known as Twitter, after acquiring it for $44 billion in 2022. However, the platform’s value has reportedly dropped by 72%, according to Fidelity’s October 2024 filing.
His stakes in Neuralink, xAI, and The Boring Company are valued through various funding rounds and news sources, with a liquidity discount applied to these estimates.
A Career of Bold Moves
Musk joined Warren Buffett’s Giving Pledge in 2012, committing to philanthropy. Tesla became the world’s most valuable carmaker in July 2020, propelling Musk to become the world’s richest person by January 2021. In the same year, Tesla relocated its headquarters from Palo Alto, California, to Austin, Texas.
In April 2022, Musk offered $44 billion to acquire Twitter, completing the deal in October that year after initial hesitation. By April 2023, he rebranded Twitter as X Corp, marking another transformative decision in his career.
Elon Musk continues to push boundaries, from revolutionizing transportation and space exploration to redefining social media. His ambitions reflect a unique vision for the future, including his aspiration to one day retire on Mars.
