Elon Musk has achieved an unprecedented financial milestone by becoming the first person in history to cross the $600 billion mark in personal net worth, with his current fortune estimated at a staggering $677 billion by Forbes.
The extraordinary surge in Musk’s wealth is primarily attributed to the skyrocketing valuation of his private aerospace company, SpaceX.
Earlier this month, a tender offer valued SpaceX at $800 billion, a figure that has doubled since August 2024. Musk owns approximately 42 percent of SpaceX, and this latest valuation alone added roughly $168 billion to his personal fortune.
Forbes now calculates that Musk’s stake in SpaceX, worth an estimated $336 billion, has surpassed his holdings in Tesla to become his single most valuable asset. His 12 percent stake in the electric vehicle giant Tesla is valued at about $197 billion.
Additionally, his artificial intelligence venture, xAI, is reportedly raising funds at a valuation of $230 billion, more than double its initial valuation. Musk owns 53 percent of xAI, a stake worth approximately $60 billion.
This massive increase in wealth has significantly widened the gap between Musk and the rest of the world’s richest individuals. With an estimated $425 billion lead over the second-richest person, Google co-founder Larry Page, Musk is now closer to reaching a $700 billion net worth than he is to losing his title as the world’s wealthiest person.
Analysts note that this trajectory could lead to an even more historic milestone. With a potential initial public offering for SpaceX on the horizon in 2026, which some investors speculate could value the company at around $1.5 trillion, Musk stands on the cusp of potentially becoming the world’s first trillionaire.
