Despite a series of positive developments, Tesla stock might still be too expensive to buy right now.

Tesla filed an S-8 to register 304 million shares for Elon Musk's 2018 pay package, now worth over $114B at current prices. The years-long legal fight is over.

Elon Musk’s net worth has jumped $26 billion this year to $645 billion. And this is before it is clear what SpaceX’s value will be when it goes public. It has been put at as high as $1.75 trillion, after raising $75 billion in the IPO.

Musk isn’t the only one concerned about America’s debt and the soaring interest costs tied to it. Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. is heading toward a “debt death spiral,” where the government must borrow simply to pay interest — a vicious cycle that feeds on itself.

Over a three-year period, Musk borrowed roughly $500 million from SpaceX, using the privately held rocket company as a source of low-interest capital rather than turning to traditional banks, according to internal documents obtained by The New York Times.

After the company’s stock market debut, Musk is expected to gain billions in equity following SpaceX’s IPO. The company is targeting a listing valuation of roughly $1.75 trillion, with a $75 billion raise, making it one of the largest initial public offerings in history.

SpaceX also approved ⁠a ​plan last month that would award ​the billionaire ⁠CEO 60 million additional shares if the company’s market capitalization climbs ⁠from $1.1 trillion to as high as $6.6 trillion and ⁠completes an ambitious plan of building data centers in space to supply compute for AI developers, The Information said.

Elon Musk acquired $1.4B in SpaceX stock from employees before IPO. New compensation plan could award him 60M shares tied to $6.6T market cap target.