Elon Musk Is Officially Richer Than Bitcoin & Honestly, It Is Getting A Little Ridiculous

Move over, Satoshi, there is a new king of the digital playground, and he doesn’t even need a pseudonymous identity to flex on you.

In a development that reads like a silly joke, tech billionaire Elon Musk is now officially worth more than Bitcoin’s entire market capitalization.

According to the latest data, Elon’s net worth has rocketed to a casual $1.4 trillion, comfortably cruising past Bitcoin’s total market cap of $1.3 trillion. If only you could buy ETFs of Elon Musk, hey?

Elon Musk could buy every BTC in circulation

So, how does one man accumulate enough capital to rival the world’s favorite decentralized currency? It turns out, you just need to launch a giant rocket company.

The main catalyst behind Elon’s massive wealth spike was the blockbuster stock market debut of SpaceX. The rocket maker and Starlink operator went public last Friday and saw its shares surge nearly 50% from its IPO price in just three trading sessions. Elon owns a massive chunk of the company (4.76 billion shares, to be exact), which means his SpaceX stake alone is now valued at around $960 billion.

To put his total $1.4 trillion fortune into perspective, if Elon were a country’s Gross Domestic Product, he would rank ahead of all but 19 of the world’s largest economies. He is also currently worth more than the world’s next five richest tech moguls combined. Jeff Bezos is probably shaking his fist at a satellite right now.

It turns out, Elon took “To The Moon” literally

While SpaceX is printing money faster than the Federal Reserve, Elon’s other famous venture, Tesla, is having a bit of a rough patch.

Tesla stock has slid nearly 20% from its December highs as the company tries to pivot from making sleek electric sedans to focus on autonomous vehicles and humanoid robots. Elon’s 11% stake in Tesla is now worth about $1.52 billion. But hey, when your side hustle is a multi-trillion-dollar space empire, a little dip in the EV market is just pocket change.

Between owning SpaceX, Tesla, a brain-chip startup called Neuralink, and a tunneling business called The Boring Company, Elon is basically playing Monopoly with real life.

The only real question left is: when is he going to buy Bitcoin itself just for the meme?

Elon Musk Just Made Bill Gates’ Entire Net Worth In A Single Day Because Of Course He Did

Elon Musk is having a casual Tuesday, and by casual, we mean he just added a cool $165 bil...

Elon

Elon Just Became The World’s First Trillionaire: Why His Net Worth Is More Complicated Than Your Last Relationship

It’s official, boys. The simulation has updated, and Elon Musk is no longer just a mere ...

Elon

Finally, Some Good News for Billionaire Elon Musk As He’s Set To Become The World’s First Trillionaire

Just when you thought you were doing well because your crypto wallet didn’t totally ...

Elon

Latest news