The New Foundations of Elon Musk's Fortune: How Private Companies Took Over 🌌 Key Takeaways Private Companies Dominate : Musk's stakes in SpaceX and xAI now outweigh his Tesla holdings, marking a major shift in his wealth composition . Tesla's Relative Decline : Despite Tesla's size, it now contributes less than half of Musk's net worth due to growth in his private ventures and Tesla's operational challenges . Weath is Complex and Volatile : Musk's net worth is subject to sharp fluctuations based on market conditions, political affiliations, and legal battles over compensation . AI and Space Are Key Drivers : The valuations of xAI and SpaceX are surging due to the AI boom and space commercialization, positioning them as future wealth drivers . Massive Pay Package Proposed : Tesla's board has proposed an unprecedented $1 trillion stock-based compensation package to incentivize Musk to focus on Tesla . 1. Introduction: The Shifting Sands of...
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