Former NASA astronaut Leroy Chiao discusses SpaceX launching more Starlink satellites, which aim to increase access to high-speed internet, as well as the growing space industry and its experience as an astronaut.
Elon Musk has become the fourth richest person in the world, collecting a fortune worth nearly $ 85 billion.
The market was crossed on Monday after shares of Tesla Inc. increased by 11%, increasing net worth tech exec by nearly $ 8 billion, according to Bloomberg.
With a net worth of $ 84.8 billion, Musk only trains Facebook CEO Mark Zuckerberg, Microsoft co-founder Bill Gates and Amazon CEO Jeff Bezos on Bloomberg’s Billionaires Index.
| Ticker | Security | Last | Change | Change% |
|---|---|---|---|---|
| TSLA | TESLA INC. | 1,896.05 | +60.41 | + 3.29% |
BERNIE SANDERS WANTS BEZOS, MUSK, ZUCKERBERG’S ‘EXCELLENT PANDEMIC LEGAL ACCUMULATION’
A large portion of Musk’s net worth is tied up in its electric car maker Tesla, which has increased its shares more than 300% this year.
The auto market has remained profitable over the last quarter despite the impact of the coronavirus pandemic. Tesla sold more than 179,000 cars in the first half of 2020, and sold the sales to its closest three competitors in the electric car market together, according to Electrek.
Earlier this month, Tesla announced a five-for-one deed split, effective August 31, to make its shares more accessible to a wider range of investors.
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However, Musk is also the CEO and co-founder of SpaceX, which made history last month and sent NASA’s first astronauts into space in almost a decade.
According to CNBC, SpaceX is in the process of raising nearly $ 1 billion in funding, which would value the space and defense company at $ 44 billion.
Shares of Tesla were higher on Tuesday, gaining 2.3% to trade at $ 1,878.66.
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Fox Business’ Thomas Barrabi contributed to this story.
