Elon Musk's wealth soared to $769 billion following the Delaware Supreme Court's reinstatement of his $56 billion Tesla compensation package.
Court Ruling on Tesla Pay Deal: Delaware’s Supreme Court reinstated Elon Musk's $56 billion Tesla pay deal, boosting his net worth to $769 billion and positioning him closer to becoming the first trillionaire.
SpaceX Insider Share Sale: SpaceX is preparing for an insider share sale that could value the company at $800 billion, potentially leading to the largest IPO ever and increasing attention on both SpaceX and Tesla.
Investor Proposal for SpaceX IPO: Investor Billy Ackman proposed merging SpaceX with his acquisition company, SPARC, allowing Tesla shareholders to invest in the SpaceX listing or cash out, while aiming to raise significant capital.
Market Reactions and Predictions: The anticipation of a SpaceX IPO is driving Tesla's stock up by 48% year-to-date, with investors speculating on the potential benefits of the listing for both companies.
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