SpaceX, now valued at $350 billion, has become the most valuable private startup globally, following a share purchase agreement with its investors. The company is expected to gain more support under the Trump administration, with President-elect Trump praising Musk's vision for space exploration. Meanwhile, Musk's AI startup, xAI, has seen its valuation double to $50 billion. Despite a setback with a Delaware judge rejecting his Tesla pay package, Musk remains the world's richest individual.
Key takeaways:
```html
- Elon Musk's net worth has surpassed $400 billion, marking a historic milestone as the first person to reach this figure.
- Musk's wealth increased by a record $62.8 billion in one day, largely due to an insider share sale of SpaceX and a rally in Tesla shares.
- Musk's alliance with President-elect Donald Trump is expected to benefit Tesla and SpaceX, with potential policy changes favoring Musk's ventures.
- Despite a Delaware judge rejecting Musk's Tesla pay package, his net worth remains significantly higher than any other individual.