Saturday , August 24 2019
Home / canada / Elon Musk's personal fortune is moving away from Tesla and toward SpaceX

Elon Musk's personal fortune is moving away from Tesla and toward SpaceX



Early this morning at Cape Canaveral, officials at Space Exploration Technologies Corp., of Elon Musk, rejoiced.

A Heavy Falcon delivered 24 satellites in three distinct orbits while the twin rocket boosters landed safely on Earth almost simultaneously. In addition to the failure of the central propeller to land on a spacecraft in the Atlantic Ocean, the mission that Musk described as SpaceX's most difficult test was a success.

The launch underscores the status of SpaceX as one of the most valuable companies in the world. The value is $ 34 billion, according to an analysis of EquityZen, a stock market of technology companies that have not yet been to the public.

While investors are clamoring for a piece of the Musk space company, they have been less optimistic about the fortunes of its Tesla Inc., which is publicly traded and fell 33 percent this year amid concern that consumer demand decrease and stiffening competition.

The divergence reshaped one of the world's greatest fortunes. Musk is the 41st richest person in the world, with net worth of $ 22.4 billion, according to the Bloomberg Billionaires Index. SpaceX now accounts for two-thirds of its wealth, with Tesla accounting for most of the remaining third. This is a reversal of previous years, where Tesla was responsible for most of his fortune in the Bloomberg rankings.

SpaceX's success has not yet been enough to completely offset the decline in Musk's wealth this year. It dropped $ 1.7 billion.

Bloomberg.com


Source link