Musk becomes world’s first person with ₹58 lakh crore net-worth:SpaceX owner’s single-day earnings nearly equal combined net worth of Ambani and Adani

The world’s richest person Elon Musk’s wealth has crossed $600 billion (₹54.50 lakh crore). Musk has become the first person in the world to have such a high net worth figure. Previously, on October 1, Musk’s wealth reached $500 billion (equivalent to ₹45.50 lakh crore). After news of SpaceX’s $800 billion valuation and upcoming IPO, Musk’s wealth increased by approximately $168 billion (over ₹15 lakh crore) in a single day. This is almost equal to the combined net worth of India’s two richest individuals, Mukesh Ambani (₹10 lakh crore) and Gautam Adani (₹6 lakh crore). Now Musk’s total net worth is around $638 billion. After the insider share sale, SpaceX has become the world’s most valuable private company. Musk is the founder and CEO of SpaceX. Musk’s net worth suddenly increased due to SpaceX According to Reuters, in the internal share sale, SpaceX’s total valuation would come to $800 billion. Musk owns approximately 42% stake in SpaceX. If the company lists on the American stock market at an $800 billion valuation, the value of Musk’s stake alone could increase by more than $336 billion. Forbes says that if this happens, Musk could become the world’s first trillionaire, though it will depend on a good IPO listing. Tesla and xAI have also increased Musk’s wealth Musk’s past achievements: Musk sold a video game he created at age 12
Elon Musk is the CEO of Tesla and SpaceX. Musk learned computer programming at age 10 and created a video game called ‘Blastar’ at age 12. A local magazine bought it from him for five hundred US dollars. This can be considered Musk’s first ‘business achievement’. In 1995, he created a web software company called Zip-2. Compaq acquired this company in 1999 for 307 million dollars. From this deal, Musk received 22 million dollars in exchange for his 7% stake in the company. This marked the real beginning of Elon Musk’s business journey. eBay bought PayPal in 2002
Musk founded PayPal in 1999. eBay bought it for $1.5 billion in 2002. Musk earned $180 million from this deal. Immediately after this, Musk founded SpaceX. Through this company, Musk wants to establish a colony on Mars and make humanity a multi-planet species. Musk created companies like Tesla, SpaceX and Neuralink Tesla: Tesla was founded in 2003 by Martin Eberhard and Mark Tarpenning. Elon Musk was one of the early investors in the company and made a significant investment in Tesla in February 2004. Subsequently, Musk became Tesla’s chairman and then CEO. Tesla’s goal was to make electric cars accessible to common people and promote sustainable energy. SpaceX: SpaceX was started by Elon Musk in March 2002. His dream was to reduce space launch costs and establish a human settlement on Mars. SpaceX launched its first successful rocket (Falcon 1) in 2008, and in 2012 its Dragon capsule docked with the International Space Station. Neuralink: Neuralink was founded by Elon Musk in 2016. This company’s purpose is to develop brain-machine interface technology that connects the human brain with computers. Neuralink’s objective is to treat neurological diseases and better connect humans with artificial intelligence in the future. ​