Elon Musk’s commercial rocket company SpaceX has raised $750 million in its latest funding round at a valuation of $137 billion, according to reports.
Forbes Valuation, Musk’s net worth stands at $146.5 billion, a nearly 55% decline from a peak of $320 billion in November 2021. The slump has been driven by the poor performance of Tesla’s stock in the past year.
In December, Musk’s run as the world's richest person ended as he wasMusk has been embroiled in several controversies over the past year, many of which have stemmed from his late October acquisition of Twitter. In his effort to turn the social media platform into a “free speech” haven, Musk has relied on unscientific polls to reinstate controversial accounts and make arbitrary policy and rule changes.
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