Musk Becomes the First Person Worth $600 Billion

Elon Musk is said to be closing in on becoming the world’s first trillionaire as SpaceX eyes an IPO at a valuation of roughly $1.5 trillion.

Musk is now the first person to have a net worth of $600 billion or more, according to a Forbes article published on Monday. Forbes estimates Elon Musk’s wealth at $677 billion, which will make him the first person ever to reach the $600 billion net worth. According to the study, Musk’s wealth increased by roughly $168 billion to an estimated $677 billion as of 12 p.m. ET on Monday due to SpaceX’s new valuation of $800 billion. It also said that an IPO of SpaceX at a price of roughly $1.5 trillion would probably make Musk a trillionaire.

The skyrocketing valuation of Musk’s private space enterprise, SpaceX, is a major factor in the increase in his wealth.

SpaceX is moving forward with plans for an IPO in mid-to-late 2026. However, market conditions may force the offering into 2027.

Starlink is expected to account for the majority of SpaceX’s revenue growth, which could reach $15 billion in 2025 and rise to $22 billion–$24 billion in 2026. In a post on X, Musk also alluded to the possibility that the media story was true.

Investors told Forbes that the corporation held a tender offer earlier this month that valued it at $800 billion, double its August estimate of $400 billion.

Forbes believes that Musk’s $336 billion ownership in SpaceX is currently his most valuable asset. In addition, the billionaire owns 12% of Tesla, his publicly traded firm, which is valued at $197 billion, excluding stock options from his 2018 stock award that is currently being contested in court. But since the company’s shareholders authorised a $1 trillion compensation package for the CEO of Tesla in November provided he met specific performance targets, Tesla can also make Musk a trillionaire. 

Following Musk’s announcement that the company is currently testing its robotaxis without safety monitors in the front seat, Tesla shares finished up 4% on Monday.

Musk now controls roughly 42% of SpaceX, and the updated valuation alone increased his personal wealth by an estimated $168 billion.

At a $230 billion valuation, Musk’s xAI, of which he has a 52% share, is allegedly in talks to acquire further capital.

Musk’s net worth surpassed that of Larry Ellison of Oracle, the only other individual to surpass $400 billion, when it reached $400 billion in December 2024 and $500 billion in October. Larry Paige, a cofounder of Google with a net worth of approximately $252 billion, currently supports Musk.

Even in the absence of more profits from his other ventures, such a move might make Musk the first trillionaire in history.

While Musk’s Tesla stock options from the 2018 CEO performance award, which a Delaware judge rejected in January 2024, are presently worth $69 billion, pending the outcome of his appeal, his 12% share in Tesla is valued at approximately $197 billion.

His increasing wealth has also been greatly aided by his artificial intelligence business, xAI.

The firm is said to be fundraising at a valuation of $230 billion, more than double the $113 billion valuation Musk referenced earlier this year after the merger with X.

Musk has a nearly $60 billion interest in xAI, or 53% of the company.

It will be vital for everyone to remember that the majority of Musk’s net worth comes from company valuations and equity rather than liquid cash, so it can change dramatically depending on how the market performs.