Musk's wealth surpasses $900 billion again

Billionaire Elon Musk’s net worth surpassed the $900 billion mark again on Monday, coinciding with weeks-long gains in SpaceX shares following the disclosure by dozens of investment firms and major universities of their stakes in the space company.

This development boosted Musk’s net worth by more than $30 billion, reaching $894.9 billion, after it had touched $911.9 billion during trading, reinforcing his position as the world’s richest man, according to Forbes data.

The rise came after the deadline set by the U.S. Securities and Exchange Commission on Friday for investment firms to disclose their holdings. Harvard University’s endowment revealed it holds a stake worth approximately $2.2 billion, making SpaceX its largest equity investment.

Nvidia disclosed a stake of nearly $21 billion, while BlackRock reported holdings valued at $8.7 billion, and Fidelity disclosed $51.6 billion.