Elon Musk’s vast stake in
Tesla is no longer his most valuable asset as the electric car company continues to endure a sharp stock market sell-off.
Musk’s stake in
SpaceX, his private rockets and satellites business, is now the billionaire tycoon’s largest asset for the first time in five years, according to
Forbes, which still pegs his net worth at $323bn – more than anyone else in the world.
His SpaceX stake is worth an estimated $147bn, about $20bn more than his shares in
Tesla after the carmaker’s shares halved since December.