Elon Musk’s Fortune Hits Record $722bn After SpaceX IPO Filing Removes Major Leverage Assumption - Tekedia

Bloomberg raised Elon Musk’s estimated net worth by $45 billion to a record $722 billion after SpaceX’s IPO filing clarified his limited borrowing against SpaceX shares.

The prospectus showed Musk had pledged only a small fraction of his SpaceX stake as collateral, easing concerns about leverage on his fortune.

The update removed a major discount from Bloomberg’s wealth estimate and sharpened focus on Musk’s influence across Tesla, SpaceX, Starlink, and xAI.