SpaceX Overtakes Tesla As Cornerstone Of Musk's Declining Net Worth

Zero Hedge | 6/27/2019 | Staff
leeann77 (Posted by) Level 3
Click For Photo: https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/max_650x650/public/2019-06/2019-06-26_13-07-18.jpg?itok=L2CVOrkp




Despite SpaceX's latest launch ending in a fiery crash, as we noted earlier this week, that hasn't stopped employees from apparently "rejoicing" about the Falcon Heavy's launch delivering 24 satellites into orbit, according to Bloomberg.

Apart from the center booster failing to land on a ship in the Atlantic Ocean, the mission is being deemed a success, and was once dubbed "SpaceX’s toughest test".

Progress - SpaceX - World - Companies - SpaceX

As it has been making progress, SpaceX has become one of the world's most valuable closely-held private companies. It's now worth $34 billion, and SpaceX equity is starting to become far more in demand than Tesla's equity, which has fallen 33% this year.

As such, Musk's personal net worth picture is shifting accordingly, with SpaceX now his most valuable asset. It makes up more...
(Excerpt) Read more at: Zero Hedge
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!