According to ChainCatcher, the Delaware Supreme Court restored the previously voided $139 billion Tesla stock options, causing Tesla CEO Elon Musk's net worth to soar to $749 billion last Friday night, as reported by Forbes' Billionaires Index. Musk's 2018 compensation plan was valued at $56 billion but was deemed 'absurd' and rejected by a lower court two years ago; now the Delaware Supreme Court announced the restoration of that plan this Friday.
The Supreme Court stated that the decision to revoke this compensation plan in 2024 was improper and unfair to Musk. Earlier this week, reports indicated that his aerospace startup SpaceX may soon go public, after which Musk's net worth surpassed $600 billion, making him the world's first billionaire to achieve this milestone.
