Elon Musk, the visionary CEO of Tesla and SpaceX, has achieved a historic milestone by becoming the first person ever to reach a net worth of $400 billion, according to Bloomberg.
This remarkable achievement is largely attributed to a recent deal that significantly boosted SpaceX's valuation to approximately $350 billion.
The surge in Musk's wealth, amounting to nearly $20 billion, coincides with a broader market rally following the 2024 US presidential election.
Investors are optimistic about Musk's influence within the Trump administration, anticipating deregulation that could benefit Tesla.