Elon Musk’s Net Worth Skyrockets to $769 Billion as Delaware Supreme Court Restores His $56 Billion Tesla Pay Package
Delaware’s Supreme Court just handed Elon Musk a $56 billion victory—and sent his net worth into the stratosphere.
The Ruling That Rocked Finance
Forget stock splits and quarterly earnings. The real action happened in a courtroom. A judicial green light just reactivated the single largest compensation package in corporate history, instantly adding tens of billions to the world's richest person's ledger. It’s a masterclass in structuring incentive pay, or perhaps, in writing the rules of the game itself.
What the Numbers Really Mean
Let's talk scale. That $56 billion figure isn't just a bonus; it's a fortune larger than the GDP of many nations. Its restoration didn't just adjust Musk's wealth—it redefined the upper limits of personal net worth, pushing the total to a staggering $769 billion. In the staid world of traditional executive pay, this is a seismic event. It makes the typical CEO golden parachute look like pocket change—a not-so-subtle jab at the often-absurd disconnect between corporate boardroom generosity and shareholder value.
The Bigger Picture: Incentives in the Hyper-Growth Era
This case was never just about Tesla or Musk. It was a stress test for aligning monumental ambition with monumental reward. The court's decision validates a high-risk, high-reward model that fueled one of history's most dramatic corporate turnarounds. It sends a clear signal to disruptive founders: astronomical performance can still command astronomical compensation, even when the numbers make Wall Street veterans blush.
The verdict is in. In the battle between conventional corporate governance and frontier-breaking incentives, the frontier just won. And it’s worth fifty-six billion dollars.
Court decision drives new attention to Tesla and SpaceX
At the same time this court outcome landed, Elon’s other giant business, SpaceX, is preparing an insider share sale that WOULD value the company at $800 billion, which would make it the most expensive privately held company in the world.
If it becomes public next year, it would be the largest listing ever. Traders calling themselves “Elon exposure” seekers are watching for a chance to buy into the company after years of waiting.
Some investors say a SpaceX listing could lift Tesla again because both companies feed into each other. They think a public stock offering could push more attention toward Elon overall, which has already happened in the past whenever something major occurred inside his business network.
That idea is already floating around the market as people try to guess how fast the IPO could MOVE and what it would mean for both companies.
Tesla’s stock has also been rallying even more, thanks to the attention around SpaceX. At press time, it is up 48% year-to-date.
SpaceX plans fuel new proposal from Billy Ackman
Then Billy Ackman jumped in with his own idea on X, writing directly to Elon:
“@elonmusk, what if we took @SpaceX public by merging it with Pershing Square SPARC Holdings, Ltd. (SPARC) a new FORM of acquisition company that was approved by the @SECGov.”
Billy said he has a full plan for how Tesla shareholders could receive SPARC special purpose acquisition rights, which would let them invest in the SpaceX listing or sell their rights if they want cash instead, adding that this setup would open the process to every Tesla shareholder.
Billy said SPARC would run due diligence, bring $4 billion in capital at a fixed share price, and skip underwriting fees, founder stock, and shareholder warrants.
The investor then explained that a 100% common-stock structure would keep things clean and low-cost. In Billy’s words:-
“Assuming we issue 0.5 SPARs for each share of Tesla, there would be 1.723 billion SPARs outstanding including the 61.1 million SPARs that are already outstanding. Since one SPAR would be exercisable for two shares of SpaceX, the SPARs would be exercisable for 3.446 billion total SpaceX shares.”
He gave two exercise-price examples. At $11.03, SpaceX could raise $42 billion, with $38 billion from SPAR holders and $4 billion from Pershing Square. At $42, SpaceX could raise $148.7 billion, with $144.7 billion from SPARs and $4 billion from Pershing Square.
Billy said SPARC didn’t care how many shares were primary or secondary, which would give the company breathing room.
He also said SPARC could sign a firm agreement within 45 days, making the deal certain except for SEC approval. He added they could begin right away and announce everything by mid-February, and finished with: “To Mars and beyond! What do you say?”
Join Bybit now and claim a $50 bonus in minutes
