Odaily reported that Elon Musk’s personal wealth briefly climbed to an extraordinary $1.4 trillion after SpaceX shares rose more than 15% at one point. The figure set a new historical record for the Tesla and SpaceX chief, while also placing his personal wealth above Bitcoin’s total market capitalization.
A $1.4 Trillion Fortune Compared With Bitcoin
According to Coingecko data cited in the report, Bitcoin’s current market capitalization is about $1.31 trillion. Bitcoin’s market cap is commonly used as a measure of the overall size of the asset, while Musk’s figure reflects an estimate of personal wealth tied to his holdings and business interests. In this comparison, the reported $1.4 trillion level exceeded the roughly $1.31 trillion valuation of Bitcoin’s total market cap.
The key change highlighted in the report was the movement in SpaceX’s share price, which at one point rose by more than 15%. Musk, who leads both Tesla and SpaceX, saw his personal fortune briefly reach a record high as a result. Based on the figures in the report, his wealth stood above the current market value of Bitcoin as tracked by Coingecko.