TechFlow news, December 12 — According to the latest data from the Bloomberg Billionaires Index, Elon Musk's wealth surged by $62.8 billion in a single day, setting a new record. His total assets now stand at $447 billion, making him the first person in history to surpass the $400 billion net worth mark. Tesla shares closed at $424.77 on Wednesday, the highest since 2021, marking a year-to-date gain of 71%.
SpaceX's recent internal stock transaction valued the company at $350 billion, contributing approximately $50 billion to Musk's net worth. Meanwhile, Musk's AI company xAI has doubled its valuation since its funding round in May, reaching $50 billion.
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