Elon Musk increased his fortune to $911.9 billion following the recovery of SpaceX and new bets from major funds
The fortune of Elon Musk reached US$911.9 billion after adding nearly US$47.7 billion due to the rise of SpaceX.
SpaceX's shares rose more than 6% on Monday, approaching US$150. The rebound coincided with new positions declared by major institutional investors before the SEC.
</strong> revealed the positions of various funds and companies.</p><p>The documents, many filed in August, reflect the holdings recorded at the end of the second quarter, on June 30.</p><ul><li><p><strong>Alphabet:</strong> stake valued at about US$94.2 billion.</p></li><li><p><strong>Fidelity Investments:</strong> position close to US$51.6 billion.</p></li><li><p><strong>Gigafund Management:</strong> estimated stake of US$29.3 billion.</p></li><li><p><strong>Nvidia:</strong> about 122.8 million shares, valued at US$21 billion.</p></li><li><p><strong>BlackRock:</strong> position close to US$8.7 billion.</p></li><li><p><strong>Baillie Gifford:</strong> approximate position of US$8.8 billion.</p></li><li><p><strong>Harvard Management Company:</strong> about 12.9 million shares, valued at US$2.2 billion.</p></li></ul><p>Also mentioned are the <strong>Ontario Teachers’ Pension Plan</strong>, <strong>Brookfield</strong>, and vehicles linked to <strong>Founders Fund</strong>, associated with Peter Thiel.</p></div><div class=)
According to the information presented, various entities related to Founders Fund reported SpaceX holdings valued at about US$73 billion.
SpaceX shares have accumulated a recovery of nearly 87% since the historic low of US$104 recorded on August 3.
The rebound came after a period of significant losses. In July, Elon Musk's net worth had fallen below US$700 billion.
The decline occurred after SpaceX shares lost about 50% from the all-time high recorded on June 16.
The first financial results from SpaceX also supported Wall Street's expectations, although shares did drop 13% after the report.
Firms like Morgan Stanley, Oppenheimer, and Cantor highlighted the company's financial evolution and the growing weight of its business linked to artificial intelligence.
JPMorgan analysts pointed out relevant factors such as SpaceX's “extreme vertical integration” and its rapid progress in artificial intelligence.
The artificial intelligence business concentrates a significant part of the expectations regarding SpaceX's future growth.
According to estimates cited in the material, an improvement in technological infrastructure and greater monetization could lead AI-related revenues to reach US$100 billion by 2027.
The recovery of SpaceX shares, the entry of major investors, and projections regarding artificial intelligence reinforced Wall Street's expectations.
With the latest rise of SpaceX, Elon Musk added about US$47.7 billion to his net worth, reaching US$911.9 billion.
Behind the entrepreneur are Google co-founder Larry Page with US$281.4 billion, and Amazon founder Jeff Bezos with US$268.8 billion.
