Musks Net Worth Soars as SpaceX Shares Reach New Heights

Elon Musk's net worth has once again surpassed $900 billion, thanks to a surge in shares of his company SpaceX. The rocket maker's stock jumped

This increase adds $47.7 billion to Musk's net worth, making him the world's richest person, ahead of Google co-founder Larry Page and Amazon's Jeff Bezos. The boost in SpaceX's stock is part of a weekslong rally that has seen shares rise

The Securities and Exchange Commission revealed on Friday that dozens of institutional investors, including Harvard's endowment, had disclosed their stakes in SpaceX. The largest stake was held

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Other major investors include BlackRock, Gigafund Management, and Fidelity, which have all disclosed significant stakes in the company. Several billionaires, including Josh Kushner's Thrive Capital, have also invested in SpaceX.

Musk's net worth had previously fallen below $700 billion in July, but has since rebounded thanks to a strong performance from SpaceX's stock. The company's first earnings report was better than expected, with analysts praising its 'extreme vertical integration' and rapid pace of change in AI.