SpaceX Makes Musk the Richest Man Ever
Business
Elon Musk, the founder of SpaceX and Tesla, has become the first person in history to surpass a net worth of $600 billion, according to Forbes. The milestone follows a sharp increase in SpaceX’s valuation ahead of its planned IPO.
In mid-December, investors valued SpaceX at $800 billion, doubling its August valuation. The company is expected to go public in 2026, and as Bloomberg previously reported, the listing could become the largest IPO in history.
Musk owns approximately 42% of SpaceX, boosting his net worth by about $168 billion to roughly $677 billion as of midday Eastern Time. Even without an IPO, his stake in SpaceX — valued at $336 billion — remains his most valuable asset.
By comparison, Musk’s 12% stake in Tesla is valued at $197 billion. Another rapidly growing asset is xAI Holdings, the company behind the AI chatbot Grok, which is currently in talks to raise new funding at a valuation of $230 billion.
In October, Musk also became the first individual to reach a net worth of $500 billion. Analysts at Informa Connect Academy previously projected that, with average annual wealth growth of 110%, Musk could become the world’s first dollar trillionaire by 2027.
Musk owns approximately 42% of SpaceX, boosting his net worth by about $168 billion to roughly $677 billion as of midday Eastern Time. Even without an IPO, his stake in SpaceX — valued at $336 billion — remains his most valuable asset.
By comparison, Musk’s 12% stake in Tesla is valued at $197 billion. Another rapidly growing asset is xAI Holdings, the company behind the AI chatbot Grok, which is currently in talks to raise new funding at a valuation of $230 billion.
In October, Musk also became the first individual to reach a net worth of $500 billion. Analysts at Informa Connect Academy previously projected that, with average annual wealth growth of 110%, Musk could become the world’s first dollar trillionaire by 2027.
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