Tech billionaire Elon Musk's rocket and satellite maker SpaceX is preparing an insider share sale that would value the company at approximately $400 billion, according to a report by Bloomberg.

With an increase of $59 billion in wealth this year, Oracle's Larry Ellison has overtaken Meta Chief Executive Mark Zuckerberg as the world's second-richest person.

SpaceX has agreed to invest $2 billion in Elon Musk 's artificial intelligence company xAI. The investment makes up nearly ...