SpaceX has a new valuation, according to Bloomberg. It’s an eye-popping $400 billion, up from a recent $350 billion, following a capital raise and stock sales by insiders. The $50 billion increase makes Musk about $20 billion richer, as he is thought to hold some 40% of SpaceX stock.

Elon Musk's empire isn't exactly crumbling, but it looks increasingly vulnerable as his falling out with President Trump intensifies. Why it matters: The world's richest person enjoyed ballooning wealth in the early days of his alliance with the president,