Elon Musk defended his wealth against Senator Bernie Sanders, stating that his money is invested in SpaceX and Tesla stock rather than liquid cash. Sanders argues that Musk owns more wealth than the bottom half of American households, reflecting his democratic socialist philosophy in favor of raising taxes on the rich. Musk’s fortune is currently valued at approximately $908 billion by Forbes, down from a peak of roughly $1.1 trillion in June. SpaceX has been listed on the Nasdaq under the ticker SPCX since June at $135 per share, and Tesla delivery numbers and SpaceX revenue forecasts reprice Musk’s net worth every trading session.
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