Elon Musk's net worth skyrockets nearly $11 billion

Elon Musk's net worth skyrockets nearly $11 billion

Tesla and SpaceX CEO, Elon Musk, has seen a significant increase in his net worth, as his fortune soared by $10.6 billion to $145.2 billion since he testified in court on Friday. According to Bloomberg Billionaire's Index, this marks the largest two-day gain since November. The surge in Musk's wealth comes after he was sued by Tesla shareholders for a tweet he posted in 2018, where he claimed to have "funding secured" to take the company private at $420 per share. However, the deal never happened and investors are now suing Musk for billions of dollars in damages. In court, Musk defended his tweet, stating that it was not a joke and that he believed he had secured funding from Saudi Arabia's Investment Fund. He also claimed that a major Saudi Arabian investor backed out of the deal and blamed them for "backpedaling" and "ass-covering". Musk also testified that he planned on selling SpaceX stock to take Tesla private when he posted the tweet. "SpaceX stock alone meant 'funding secured' by itself," he said. This recent increase in wealth almost makes up for Musk's loss of $13 billion in 2023. In 2022, he became the first and only person in history to lose $200 billion from their net worth. Much of Musk's wealth is tied up in shares of Tesla, which had a difficult year in 2022, falling almost 70% as investors questioned Musk's commitment to the company following his $44 billion Twitter takeover. His net worth has now fallen about $195 billion from its peak, according to Bloomberg. Support our ongoing Elon Musk News Coverage : https://patreon.com/stagezero Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(1162)

DOGE Cut 271,000 Jobs. Spending Still Went Up.

DOGE Cut 271,000 Jobs. Spending Still Went Up.

The Department of Government Efficiency disbanded in November after cutting 271,000 federal jobs, the largest peacetime workforce reduction since World War II. But new data shows federal spending rose by $250 billion anyway. Elon Musk now calls DOGE only "somewhat successful" and says he would not do it again. We break down what happened, why the math never worked, and what Musk's government experiment reveals about the limits of disruption in Washington.

24 Des 13min

Musk Says xAI Will Ship an AI-Generated Game by 2026 - EP#1184

Musk Says xAI Will Ship an AI-Generated Game by 2026 - EP#1184

Elon Musk's xAI is recruiting developers to build an AI-powered gaming studio from scratch. The company says it will release a fully AI-generated game before the end of 2026. This is not a research demo. It is a consumer product claim that puts xAI in direct competition with Microsoft, Nvidia, and traditional game publishers experimenting with AI. We break down what xAI is building, how the technology works, and what it could mean for the $600 billion gaming industry.

23 Des 18min

How Musk Gained $150 Billion in One Week

How Musk Gained $150 Billion in One Week

Elon Musk became the first person in history worth $700 billion after the Delaware Supreme Court restored his $139 billion Tesla pay package. Four days earlier he crossed $600 billion on SpaceX's surging valuation. He is now worth more than the next three richest people combined. The path to becoming the world's first trillionaire is now in view.

23 Des 12min

New NASA Admin Jared Isaacman NASA Townhall

New NASA Admin Jared Isaacman NASA Townhall

NASA’s new administrator, Jared Isaacman, hosts an agencywide town hall to talk about his vision for the agency’s future and answer questions from members of the workforce.

22 Des 47min

Musk Wins Delaware Court Restores Tesla Pay Package in Full

Musk Wins Delaware Court Restores Tesla Pay Package in Full

The Delaware Supreme Court just reversed a lower court ruling and restored Elon Musk's 2018 Tesla pay package, now worth $139 billion. The story behind this ruling involves a shareholder lawsuit, two rejections by a lower court judge, Musk's public attacks on Delaware, and a 49-page decision that says rescission went too far.

20 Des 11min

Elon Musk Said AGI Would Arrive by 2025. Now He Says 2026.

Elon Musk Said AGI Would Arrive by 2025. Now He Says 2026.

Elon Musk posted on X that there will be no poverty in the future and no need to save money because universal high income is coming. The same week, he told xAI staff that AGI could arrive by 2026. Last year he said AGI would arrive by 2025. We break down what Musk actually said, why his predictions keep slipping, and what happens when the richest person on the planet keeps promising a post-scarcity future that never quite arrives on schedule.Join my community at the APEX CREATOR CLUB >> https://whop.com/apex-creator-club/

18 Des 21min

California DMV vs. Tesla The 60-Day Countdown Has Started

California DMV vs. Tesla The 60-Day Countdown Has Started

A California administrative law judge ruled that Tesla engaged in deceptive marketing for Autopilot and Full Self-Driving, agreeing with the DMV's request to suspend the company's sales license for 30 days. The DMV is giving Tesla 60 days to fix its marketing or face the suspension. Tesla responded by saying sales will continue uninterrupted. The judge found that "Full Self-Driving" is unambiguously false and that "Autopilot" intentionally uses ambiguity to mislead consumers. We break down the ruling and what happens next.⁠Join my community at the APEX CREATOR CLUB >> https://whop.com/apex-creator-club/⁠

18 Des 8min

Apple's Smart Home Hub Just Showed Up in iOS 26 Code

Apple's Smart Home Hub Just Showed Up in iOS 26 Code

Apple is working on a smart home hub with Face ID, profile switching, and Apple Intelligence support. Recent iOS 26 code leaks confirm several features that have been rumored for years, including a 1080p camera, person detection, and a personified Siri interface. The device will come in two versions: one for wall mounting and one with a speaker base resembling the iMac G4. Expected launch is March or April 2025. We break down what Apple is building and how it compares to Google and Amazon.⁠Join my community at the APEX CREATOR CLUB >> https://whop.com/apex-creator-club/⁠

16 Des 11min

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