Elon Musk
Elon Musk Net Worth
February 27, 2023: Elon Musk is a business magnet, investor, and the current second wealthiest person in the world. He is the owner of Twitter, Neuralink, The Boring Company, and SpaceX, and the CEO of Tesla continues to boast his net worth with new and better technologies.
This article will give you an update on the net worth of Elon Musk.
- 198.2 Billion USD – February 18, 2023
- 132 Billion USD – December 29, 2022
- 190 Billion USD – November 12, 2022
- 237.8 Billion USD – October 5, 2022
- 277.1 Billion USD – September 21, 2022
Progress:
Starting his journey, Elon Musk founded Zip2 software company with his brother Kimbal. This startup was later acquired by Compaq for 307 million USD in 1999.
In the same year, Musk co-founded X.com, an online bank that was later renamed PayPal and merged with Cofinity in 2000. The total amount of this merger gathered was 1.5 billion USD.
From this deal, Musk received 175 billion USD for his share (2002).
In 2002, Musk began SpaceX, an aerospace transport service company.
In 2004, Elon joined Tesla by investing 6.5 million USD and became the largest shareholder of the company.
In 2012, it was first time when he was listed in the Forbes Billionaires List with a net worth of 2 Billion USD.
Musk started 2020 with 27 Billion USD and by the end of that year, his net worth rose by 159 million.
This immense growth is boosted by his Tesla stocks.
In November 2020, Musk surpassed Facebook co-founder Mark Zuckerberg to become the third richest person.
A week later, he overthrew Bill gates for the second spot on the list.
2021:
With the arrival of January, Musk’s net worth recorded 185 billion USD, which has now dethroned Amazon founder Jeff Bezos for the first place as ‘the richest person in the world.
In November, Musk became the first person to hold a net worth of over 300 billion USD.
However, the head of Tesla and SpaceX continues to invest and donate to new ventures as well as charities, which causes fluctuations in his net worth.
Another news drop for the Starship launch coming from Elon Musk, as the space rocket maker company, SpaceX is now waiting for an FAA license for the launch attempt.
Today, Elon Musk said that SpaceX is waiting for FAA license approval to process the upcoming Starship launch attempt. He revealed that the company will be ready to fire this giant rocket into orbit very soon.
The SpaceX chief also shared that it may take a few weeks to clear FAA and the first launch attempt would be around the third week of April.
FAA license?
A standard airworthiness certificate is the FAA’s official authorization allowing for the operation of a type of certificated aircraft. A standard airworthiness certificate allows the aircraft to be operated and used with the most minimal restrictions and for compensation and hire.
The FAA also issues commercial space licenses, verifies launch or reentry vehicles meant to carry humans operate as intended, and provides regulation of flight crew qualifications and training. The FAA also performs safety inspections and safely integrates commercial space operations into the National Airspace System.
Anticipating:
In a recent interview at Morgan Stanley Conference, Elon anticipates the upcoming launch attempt. He said, “I’m not saying it will get to orbit, but I am guaranteeing excitement, So, won’t be boring!”
He expects that there is a high chance for SpaceX to send Starship into orbit this year. However, he still thinks there is a couple of years required to build reusable.
Progress:
On January 23, SpaceX stacked Starship on top of the super heavy Booster 7 rocket at Starbase in Texas. The stacking leads us to a full flight-like wet dress rehearsal.
This was the first time an integrated ship and booster were fully loaded with over 10 million pounds of propellant.
Within the same month, SpaceX detached the Starship from booster 7 and achieved a successful Booster 7 static fire. However, we now have to wait until SpaceX comes up with a piece of good news.
