16:12 - 17.06.2026

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June 17, Fineko/abc.az. The head of SpaceX and Tesla, Elon Musk, has set an absolute record in the history of global business. Against the backdrop of a large-scale rally in SpaceX shares after the recent IPO, the entrepreneur's personal capital soared to a historic high.

ABC.AZ informs, citing Forbes Real-Time counter data, that Musk's net worth was estimated at $1.4 trillion on Tuesday. In just one trading session, his net worth increased more than by $100 billion.

Key factors and a huge gap in the ranking:

SpaceX stock rally: The rocket company's shares on Nasdaq have jumped more than 30% since the offering, as a result of which SpaceX's market capitalization surpassed the value of Amazon and temporarily overtook Microsoft.

Absolute dominance: Google co-founder Larry Page, who occupies the second line, has a capital of nearly $300-314 billion. Musk's current fortune exceeds the combined assets of Page, Nvidia founder Jensen Huang, and Meta CEO Mark Zuckerbeck combined. Even after losing $1 trillion, Musk will retain his status as the richest man on the planet by a huge margin.