Elon Musk's net worth briefly tops bitcoin’s entire market
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Elon Musk’s net worth briefly hit about US$1.4 trillion, momentarily exceeding bitcoin’s roughly US$1.31 trillion market value after SpaceX shares jumped 67% above their IPO price.
The spike has reignited debate over wealth taxes, with Senator Elizabeth Warren arguing fortunes like Musk’s should be taxed while tech and crypto leaders warn taxing unrealised gains could curb investment and hiring.
Scrutiny is also growing on the ground, with a former engineer suing xAI and SpaceX over alleged retaliation tied to safety concerns about Musk’s AI chatbot, Grok.