Elon Musk becomes first person to reach $400 billion in net worth

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Elon Musk becomes first person to reach $400 billion in net worth - Business Standard

Quick Summary:

On Wednesday, SpaceX and its investors agreed to purchase $1.25 billion of shares from employees and other company insiders.

Musk is slated to occupy a key role in the new administration as co-head of the newly created Department of Government Efficiency, giving him a bully pulpit in Washington and a direct line to the Oval Office.

Jared Isaacman, Trump’s pick for NASA head, is a billionaire tech executive who made the first commercial spacewalk on a chartered SpaceX launch in September.