Investors confused the healthcare company with encrypted messaging service Signal – which is not publicly traded.
With a net worth of more than $188 billion, the Tesla and SpaceX founder completes his meteoric rise to the top of the world’s wealthiest.
The investment service’s Series C funding round achieved strong results as investors doubled down on the startup’s potential.
Shares in the world’s most highly valued automotive company reached a record high on Monday prior to the news.
As the company he founded continues to surge in value, the Tesla CEO’s net worth has risen above $127 billion.
The Chinese tech giant boasted eye-popping sales, but the event was overshadowed by looming anti-monopoly regulations.
The share windfall, worth nine times CEO Carl Cowling’s base salary, provoked anger among investors.