Elon Musk’s path toward trillionaire status has slowed as Tesla ($TSLA) and SpaceX ($SPCX) lose some recent momentum, though his estimated net worth still stands around $925 billion.
Musk’s fortune is up more than $305 billion since the start of the year and remains larger than the combined wealth of the next three richest billionaires.
Tesla could become a major catalyst this week. The company is expected to unveil its long-delayed Roadster, with pricing starting around $200,000 and a limited Founders Series planned at $250,000.
Investors are also watching Tesla’s third-quarter delivery numbers. Prediction markets expect roughly 450,000 to 475,000 vehicles, compared with about 480,000 deliveries in the second quarter.
Tesla has benefited from higher gasoline and diesel prices, which could strengthen EV demand, particularly in Europe. However, rising costs have pressured free cash flow, while its Robotaxi business faces increasing competition from Alphabet-backed Waymo.
SpaceX is another major factor in Musk’s wealth. Shares are trading around $148, roughly 40% above their yearly low but still about 34% below their all-time high.
The company’s upcoming first orbital Starship test will carry Starlink V3 satellites, potentially improving network capacity and speeds. Starlink generated more than $4.29 billion in second-quarter revenue, representing about 53% of SpaceX’s total.
Musk owns roughly 48.5% of SpaceX and about 20.3% of Tesla, making both companies central to whether his net worth eventually crosses the $1 trillion mark.
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