According to Forbes, the world's richest person Elon Musk has once again broken his own record, becoming the first person in history to have a net worth of $600 billion.
SpaceX IPO? Elon Musk's net worth exceeds $600 billion
As SpaceX is pushing forward with its initial public offering (IPO) plans, Musk's wealth has risen in tandem with the increasing valuation, making him the first billionaire in history to surpass a net worth of $600 billion. Prior to this, no one had reached a net worth of $500 billion.
(Is SpaceX likely to become the largest IPO in history? How can investors get ahead?)
According to estimates by Forbes, Musk's most valuable asset is his stake in SpaceX (approximately 42% ownership), valued at around $336 billion. At the same time, his 12% stake in Tesla is worth $197 billion, not including the stock options awarded to him as part of his CEO performance award in 2018. These options were ruled invalid by a Delaware judge in January 2024. Forbes has discounted the value of these options by 50%, to $69 billion, with the specific amount depending on the outcome of Musk's current appeal to the Delaware Supreme Court regarding this ruling.
In November, Tesla shareholders approved a record-breaking compensation plan, which will grant Musk up to 1 trillion dollars in additional stock if Tesla achieves 'Mars-level' performance milestones by growing its market value more than eight times in the next decade.
(Following Musk in stock trading? The compensation plan will boost Tesla's stock price to 2300 dollars)
In addition, Musk's xAI Holdings is reportedly negotiating a new round of financing at a valuation of 230 billion dollars. This would be more than double the 113 billion dollar valuation Musk claimed when he merged the AI startup xAI with the social media company X (formerly Twitter) to form xAI Holdings in March this year. According to Forbes estimates, Musk holds 53% of xAI Holdings, valued at 60 billion dollars.
Only Musk can surpass Musk, is the trillionaire just around the corner?
Net worth surpassed the 600 billion dollar mark, just the latest milestone in a series of achievements Musk has made over the past five years. His net worth has increased about 26 times in the past five years.
March 2020: Net worth of 24.6 billion dollars
August 2020: Tesla's stock price soared, making him the fifth person in history to surpass a net worth of 100 billion dollars
January 2021: Became the world's richest person for the first time with a net worth of nearly 190 billion dollars
September 2021: Became the third person in history to surpass a net worth of 200 billion dollars
November 2021: Net worth surpassed 300 billion dollars
December 2024: Net worth surpassed 400 billion dollars
October 2025: Net worth surpassed 500 billion dollars
Now, Musk is getting closer to his goal of becoming a trillionaire, currently far ahead of the second-ranked Google co-founder Larry Page's 252 billion dollars. Moreover, Musk is only 23 billion dollars away from the 700 billion dollar wealth mark, and he may soon welcome the next significant milestone.
This article on SpaceX IPO valuation boost, Musk's net worth surpasses 600 billion dollars first appeared on Chain News ABMedia.