Elon Musk has become the first person in history to surpass $400,000,000,000 net worth

Elon Musk has become the first person in history to surpass $400,000,000,000 net worthWith Elon Musk owning SpaceX, Tesla and Twitter to name just a few, he’s got countless sources of income and there’s no wonder the entrepreneur has surpassed $400,000,000,000 net worth.

The billionaire reached the historic wealth marker this week, making him the first person in history to ever have a net worth so high.

Elon Musk predicts the ‘future of the internet’ in 1998
Credit: CBS Sunday Morning
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According to the Bloomberg Billionaires Index, the 53-year-old is now worth an incredible $447 billion as of December 11, which is $198 billion more than the second richest person in the world Jeff Bezos at $249 billion.

Although if we go off Forbes’ rich list, he is only worth a mere $379.4 billion – pathetic.

What is almost unbelievable though, is that just three weeks ago we published how he was worth $315.7 billion meaning that he’s incurred $63.7 billion… again, according to Forbes.

Elon Musk has become the first person in history to amass more than $400 billion, according to Bloomberg (Anna Moneymaker/Getty Images)

Elon Musk has become the first person in history to amass more than $400 billion, according to Bloomberg (Anna Moneymaker/Getty Images)

Meanwhile, Bloomberg’s records state that since Election Day, dominated by President-elect Donald Trump, Musk has become roughly $136 billion richer.

And he even has a role in the White House.

“I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (‘DOGE’),” Trump wrote at the time.

The President-Elect went on to explain that the pair would ‘pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies – Essential to the ‘Save America’ Movement’.

As well as Tesla, SpaceX and Twitter, Musk also owns artificial intelligence company xAI, American infrastructure business The Boring Company as well as tech-company Neuralink.

Musk has incurred $136 billion since President-elect Donald Trump beat Vice-President Kamala Harris at the poles (Brandon Bell/Getty Images)

Musk has incurred $136 billion since President-elect Donald Trump beat Vice-President Kamala Harris at the poles (Brandon Bell/Getty Images)

In its own words, Neuralink states: “We are currently focused on giving people with quadriplegia the ability to control their computers and mobile devices with their thoughts.”

Musk also owns a healthy share of cryptocurrency including Dogecoin, designed initially to make a joke of the crypto system using a popular internet meme of a dog.

His upcoming role as the US’ head of the new Department of Government Efficiency (DOGE) is actually named after the memecoin.

Last week, Musk’s record-breaking $56bn payout was denied for a second time, with a judge ruling against the richest man in the world.

Musk was set to receive the $56bn in pay from Tesla under a historic compensation package struck in 2018. It was described in court documents as the largest ever seen in public markets.

However, Judge Kathleen McCormick called Tesla’s legal argument ‘fatally flawed’ and at times ‘indefensible’ as she denied the motion in a 101-page opinion.

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Featured Image Credit: Getty Images/KIRSTY WIGGLESWORTH/Getty Images/ODD ANDERSEN

Topics: Elon Musk, Tesla, Space X, Twitter, Business

21-year-old footage footage of Elon Musk outlining his plans for SpaceX leaves people mind-blown

21-year-old footage footage of Elon Musk outlining his plans for SpaceX leaves people mind-blown

The video was taken of the tech mogul at Stanford University in 2003

Niamh Shackleton

Niamh Shackleton

A 21-year-old video of Elon Musk has emerged online where the tech mogul shared his plans for SpaceX.

Musk founded SpaceX in 2002, and fast forward to today, it has become a leader in the space industry.

It’s said to have a value of around $180 million, while Musk himself has a net worth of almost $355 billion – making him the richest man in the world.

NASA SpaceX mission ‘splashdown’
Credit: SpaceX
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A year after he launched SpaceX, the businessman gave a speech at Stanford University where he outlined his strategic plans for his space company.

While a lot has changed in 20 years, Musk’s plans for SpaceX have not.

In the video that’s been doing the rounds on Twitter (X) of late – which is now owned by the multibillionaire – a youthful-looking Musk says: “Our approach is really to make this a solid, sound business.

“I predicated the strategic plan on a known market, something that we know for a fact exists, which is the need to put small to medium-sized satellites into orbit.”

Elon Musk founded SpaceX in 2002 (Paul Harris/Getty Images)

Elon Musk founded SpaceX in 2002 (Paul Harris/Getty Images)

He continued: “That’s what we’re going after initially. And then, with that as a revenue base, we will move into the human transportation market.

“The long-term aims of the company are definitely human transportation.

“I think the smart strategy is to first go for cargo delivery, essentially satellite delivery.

“And our eventual upgrade path is to build the successor to Saturn V, build a super-heavy lift vehicle that could be used for setting up a moon base or doing a Mars mission.

“That would be the holy grail objective.”

And Musk stood to his plans, recently achieving one of his goals of sending people to space.

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Here’s Elon Musk in 2003 outlining the strategic plan SpaceX has been following until today. “Our approach is really to make this a solid, sound business. I predicated the strategic plan on a known market, something that we know for a fact exists, which is the need to put small…

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On September 10 of this year, SpaceX’s Falcon 9 rocket was launched into space for a five-day flight.

Billionaire Jared Isaacman went on to become the first person to take part in a private spacewalk, which was documented in ‘gorgeous’ footage.

Isaacman and the rest of the team on board Falcon 9 were sent up to space to test a new series of slimmer spacesuits, all while marking ‘the first time four humans [have been] simultaneously exposed to the vacuum of space’ coming out of a capsule with no safety airlock as well.

Adding to the momentous achievement, all four people were civilians rather than trained astronauts for NASA or the military.

Alongside billionaire Isaacman were retired Air Force Lt Col Scott ‘Kidd’ Poteet, and SpaceX engineers Anna Menon and Sarah Gillis.

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  • Big mistake. Space X is worth $350 Billion, NOT $180 million.

    5

  • what is mind-blowing about this?

    11

  • He looks like one of Putin’s sons and now he has become a Putin puppet.

    37

    • Looks more like he’s a royal family member to me. Looks a bit like Prince William.

  • Guys a total belter

Featured Image Credit: Stanford University/Chesnot/Getty

Topics: Space X, Elon Musk, Technology, Business, Science

Elon Musk has made a '$32,000,000,000 loss' since taking over Twitter

Elon Musk has made a ‘$32,000,000,000 loss’ since taking over Twitter

The controversial changes Elon Musk made to the site have driven users away

Ellie Kemp

Ellie Kemp

Elon Musk has tanked Twitter’s value, with the platform reportedly now worth 72 percent less than what he paid for it.

The Tesla and SpaceX CEO infamously bought out the social media site for $44 billion back in October 2022.

Now, reports from Axios and Fidelity claim that Twitter has dropped to some $32 billion less than Musk’s initial purchase value, making it around $12.3 billion overall.

This is all despite a 32 percent uptick in stock price.

The value of Twitter’s shares actually increased by about 22 percent immediately following Musk’s announcement to acquire the company.

Elon Musk bought out Twitter in October 2022 (Twitter account of Elon Musk/AFP via Getty Images)

Elon Musk bought out Twitter in October 2022 (Twitter account of Elon Musk/AFP via Getty Images)

But prices began to fall again following a number of controversial decisions by Musk, including the major decision to rebrand Twitter to X in July 2023.

The platform’s verification system was also overhauled, allowing anyone with a subscription to buy a sought-after blue tick.

As if that wasn’t enough, almost $2 billion worth of advertising was pulled when major brands stopped using the site.

A report from Media Matters for America last November highlighted how 50 of the top 100 advertisers on Twitter apparently fled, including Chanel, CNN, Dell, Hewlett-Packard, Kellogg Company, LinkedIn Corporation, Nestle, The Coca-Cola Company and other big-name corporations.

Musk gave a less-than-ideal response when asked about this during a 2023 DealBook Summit interview in New York.

Remember when Twitter used to look like this? (LIONEL BONAVENTURE/AFP via Getty Images)

Remember when Twitter used to look like this? (LIONEL BONAVENTURE/AFP via Getty Images)

“If somebody’s gonna try to blackmail me with advertising? Blackmail me with money? Go f**k yourself,” he declared, adding: “Don’t advertise.”

Then there’s Twitter’s daily app users, which have been declining.

Users in the US had fallen by 23 percent between November 2022 and February 2024, according to data from app-monitoring company Sensor Tower.

But the social media site haemorrhaged a record 115,000 US users alone the day after the 2024 presidential election ballot, won by Donald Trump.

Elon Musk joined Donald Trump at rally
Credits: Fox 4 Dallas-Forth Worth
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Musk, an outspoken supporter of the president-elect, has since been appointed the head of the new Department of Government Efficiency.

People have been migrating to alternative sites since Musk’s takeover, but there’s one in particular that’s really taken off.

Social media users have been jumping ship to Bluesky (Jakub Porzycki/NurPhoto via Getty Images)

Social media users have been jumping ship to Bluesky (Jakub Porzycki/NurPhoto via Getty Images)

Bluesky has now more than certified itself as a legitimate alternative, as it quickly surpassed 24 million users (at the time of writing), no doubt thanks to a long list of celebrities who made the jump.

A former Twitter project, Bluesky was created by ex-Twitter CEO Jack Dorsey in 2019.

Created as an ‘open and decentralised standard for social media’, the company became independent two years later and is now mainly owned by chief executive and software engineer Jay Graber.

UNILAD has contacted Twitter for comment.

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  • To the left, to the left, to the left left left.

Featured Image Credit: Andrew Harnik/Getty Images/Nathan Stirk/Getty Images

Topics: Business, Elon Musk, Social Media, Technology, Twitter, Money

Jeff Bezos and Elon Musk have very different plans as new space race heats up

Jeff Bezos and Elon Musk have very different plans as new space race heats up

SpaceX and Blue Origin are heading in very different directions…

Joe Yates

Joe Yates

Billionaires Jeff Bezos and Elon Musk have been exploring space for more than two decades and the space race is beginning to heat up once again.

Musk founded SpaceX after Bezos had already launched Blue Origin, but the former has gone on to become a staple in our planet’s exploration of space, while the latter has only really shuttled its rich clientele to the edge of the Earth’s atmosphere.

You could be excused for not realising that Amazon’s founder had cast his eyes, and his money, to the sky, so we’re going to talk a little bit about the history of their private spaceflight companies, what they have achieved so far and why a new space race is heating up.

History of Blue Origin

Bezos founded Blue Origin back in the year 2000, but it took six years before it started launching anything – it was the small Goddard rocket and was named after the rocketry pioneer Robert H. Goddard.

When Amazon began to really take off, so did Blue Origin, as Bezos had the funds to reportedly throw $1 billion a year behind it.

In the years the followed, the company created its first reusable rocket called the ‘New Shepherd’.

Jeff Bezos founded Blue Origin (Joe Raedle/Getty Images)

Jeff Bezos founded Blue Origin (Joe Raedle/Getty Images)

Describing it, Blue Origin writes: “All rockets take off; not all rockets land. Named after astronaut Alan Shepard, the first American in space, New Shepard is Blue Origin’s fully reusable, suborbital rocket system built for human flight from the beginning.”

Four years later it successfully and smoothly lands its first booster touchdown.

Next, the geniuses behind Blue Origin planned to create the New Glenn, a new heavy-lift rocket which is yet to leave the ground.

Origins of SpaceX

OK, so this is widely-known but Musk didn’t actually want to create a space company.

All he wanted to do was send a greenhouse to Mars so that mankind could begin to colonize planets so humans could exist if anything happened to Earth.

When he discovered nobody was able to manage that he decided to do it himself and so created SpaceX in 2002.

It took Musk two-thirds of the time that it took Blue Origin to launch its first rocket, but unlike Bezos’, his blew up.

That was the Falcon 1, and it blew up again, and again, but on its fourth attempt SpaceX finally tasted success – just as it was on the edge of bankruptcy.

SpaceX was set up by Elon Musk (CHANDAN KHANNA/AFP via Getty Images)

SpaceX was set up by Elon Musk (CHANDAN KHANNA/AFP via Getty Images)

Impressed, NASA awarded the private spaceflight company a healthy contract which it put towards creating the Falcon 9 rocket and Dragon spacecraft – which is partially reusable.

Blue Origin’s successes

While Blue Origin is often talked about less in the public eye compared to SpaceX, there’s no doubt Bezos’ company has had many success over the years.

Some of the more notable achievements include the development of reusable rockets, as well as successful vertical landings taking place.

On top of that, you’ve got their partnerships with NASA for lunar exploration, which sees them continuing to be a major player within space exploration.

SpaceX’s achievements

Since SpaceX was set up by Musk in 2002, the company has landed a fair few success stories.

To be honest, it all began with Falcon 1, which was the first privately funded liquid fuel rocket to reach Earth’s orbit in 2008, but Musk didn’t stop there with his ambitious plans for SpaceX.

The Dragon spacecraft was the first privately funded spacecraft to orbit Earth and return safely, with NASA later certifying the Crew Dragon system.

The Tesla founder has had huge success with SpaceX (Andrew Harnik/Getty Images)

The Tesla founder has had huge success with SpaceX (Andrew Harnik/Getty Images)

This allows SpaceX to transport astronauts to and from the International Space Station (ISS).

Heck, NASA has even enlisted Musk’s help with the safe return of the two astronauts stuck on the ISS since earlier this year.

Blue Origin’s plans

Blue Origin is very much focusing on safeguarding Earth with its future plans by developing advanced rockets.

However, they are involved with the Artemis program, which is working towards a sustainable return to the Moon in the coming years.

But closer to home, Blue Origin is continuing to work on their New Glenn rocket for further orbital missions and to hopefully expand our presence as humans in space.

What’s next for SpaceX?

While Blue Origin is very much set on safeguarding Earth and pushing their presence on the Moon, SpaceX has its eyes on Mars.

They are planning to send five un-crewed Starships to Mars in 2026, while a crewed ship could follow two years later in 2028.

It’s a mission that Musk hopes will be the first step into having a colony on Mars.

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  • Blue origin remains a start up and have yet to achieve anything usefully or reach commercial viability while space x has acheaved all these things and much more.

    9

  • Boeing is the odd man out. They are so bureaucratic that they can’t compete with either companies. Hopefully Musk will be able to bring that level of productivity and efficiency to the US government! I can’t stand Trump, but I am pulling for Musk.

    2

  • Joe Yates, is this a paid promotion for Blue Origin? Certainly sounds like it.

    1

  • I believe that Musk should have communication with the invisible Highest before a mission colonies humans.

    1

Featured Image Credit: Chesnot/Getty/Alex Wong/Getty

Topics: Space, Space X, Blue Origin, Elon Musk, Jeff Bezos

Jeff Bezos has a $100,000,000,000 plan to replace the International Space Station after Elon Musk destroys it

Jeff Bezos has a $100,000,000,000 plan to replace the International Space Station after Elon Musk destroys it

The space project will be the first of its kind and is expected to launch in just a few years

Ellie Kemp

Ellie Kemp

Jeff Bezos is set to launch a shiny new space station to replace the International Space Station after Elon Musk helps destroy it.

After 32 years of service, the ISS will be brought crashing down to Earth in 2031 at the end of its operational life.

The largest single structure we’ve ever put in space, it’s allowed scientists to conduct ground-breaking experiments in microgravity.

And, in what sounds like the mission of his dreams, Elon Musk’s SpaceX has won a $843 million NASA contract to help bring down the ISS.

The ground-breaking research facility is set to be replaced, though – and this is where Jeff Bezos comes in.

The International Space Station will no longer exist after 2030 (NASA via Getty Images)

The International Space Station will no longer exist after 2030 (NASA via Getty Images)

While China already has its Tiangong space station in space, multi-billionaire Bezos is set to launch the first-ever commercially-owned and operated space station in low-Earth orbit.

What is Orbital Reef?

Bezos’ space company, Blue Origin, was awarded $130 million by NASA to develop Orbital Reef, a 8,200 cubic foot station almost as big as the ISS.

It will allow the ground-breaking research carried out on the ISS to continue – with some added extras.

In partnership with Sierra Space – as well as, unsurprisingly, Amazon, Boeing, and others – it will offer commercial space activities and act as a space tourism hub.

The station will only be able to support 10 people initially, but modules will be added to support further operations.

How the Orbital Reef is expected to look from the inside (Blue Origin)

How the Orbital Reef is expected to look from the inside (Blue Origin)

These include science modules, with support for microgravity research, development, and manufacturing.

Meanwhile, Blue Origin described the station on its website: “Think spacious modules with large windows to view Earth… while experiencing the thrill of weightlessness in complete comfort.

“Distinct quarters will be designed for personal and business use, and large hatches create a safe and inspiring environment.”

It continued: “We aim to provide a truly extraordinary experience, whether you are in orbit for research, logistics, tourism, or other applications.”

Amazon is set to sort logistics and supply chain management, while Sierra Space will provide Large Integrated Flexible Environment (LIFE) modules, node modules, and a runway-landing Dream Chaser spaceplane for crew and cargo transportation.

Artist's impression of Orbital Reef's interior (Hassell Studio)

Artist’s impression of Orbital Reef’s interior (Hassell Studio)

A Boeing Starliner crew spacecraft will also help transport personnel, while the company will supply science modules, space station operations and maintenance.

Orbital Reef is projected to launch in 2027 and will reportedly cost upwards of $100 billion in total.

It’s due to be fully operational by 2030, just before the ISS is brought to its end.

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