billionaire

Elon Musk Smashes Records by Hitting $500 Billion Net Worth—How He Got There and What It Means

Musk’s $500 Billion Milestone: Context and Implications Elon Musk’s climb to a $500 billion net worth illustrates how a sprawling tech empire can create unprecedented personal wealth. On October 1 2025, Musk became the first person ever to amass a half‑trillion dollars. Reuters calculated that at 3:55 p.m. ET his wealth reached $499.5 billion, as Tesla stock jumped nearly 4 % during trading reuters.com. Forbes’ real‑time tracker, which uses a slightly different methodology, pegged him at exactly $500 billion nypost.com. Either way, he ended the day roughly $150 billion ahead of the world’s second‑richest person, Oracle founder Larry Ellison nypost.com. How Tesla, SpaceX and xAI Propelled the Fortune The

1 October 2025

Inside the Billionaire Space Tourist Boom: History, Players, Prices, and the Future of Commercial Spaceflight

April 2001: Dennis Tito became the world’s first space tourist by paying about $20 million for a seat on a Russian Soyuz and spending seven days aboard the ISS. In 2004, Mojave Aerospace Ventures won the Ansari X Prize by launching SpaceShipOne, the first privately built crewed spacecraft, on back-to-back suborbital flights. The Commercial Space Launch Amendments Act of 2004 established an FAA licensing framework for private space launches and created a learning period with a moratorium on new safety regulations until 2012 (extended to 2025). Virgin Galactic’s SpaceShipTwo suffered a fatal crash in 2014 during a test flight. July

16 June 2025

Billionaires · Commercial Spaceflight · Future Trends · NYSE:SPCE · Space Industry · Space Tourism