Elon Musk's net worth: The world's richest man becomes the first ever with $600 billion worth amid SpaceX's valuation surge

Elon Musk has reached a historical financial milestone, as he has become the first-ever person to ever achieve a net worth that surpasses the whopping figure of $600 billion, as reported in Forbes magazine. This milestone has been achieved during a time when there is newfound interest in his privately owned rocket company, SpaceX, which he believes will make a historical initial start detailing a whopping value of $800 billion with an initial public offering that could potentially take place in 2026.

Musk's net worth has not only increased with his involvement with his rocket company, SpaceX, but he has earned a tremendous amount of money with his investment in electric cars with his company, Tesla, where his net worth has increased by a whopping 12% because of his investment in his own artificial intelligence company, xAI.

Elon Musk becomes the first person to hit a whopping figure of $600 billion in net worth

As reported by Forbes, Elon Musk has now broken yet another record by being the first individual to ever reach a net worth of over $600 billion. This achievement has come at a time when his private rocket company, SpaceX, has seen a tremendous rise in market value, with plans of an initial public offering in 2026. Musk's net worth is also contributed by his stake of 12% in Tesla, an electric vehicle behemoth, and his artificial intelligence company, xAI, both of which keep increasing in value. From groundbreaking innovations in space travel and electric mobility to ambitious AI projects, futuristic ventures, and global business expansions, Musk’s diversified portfolio and relentless pursuit of technological advancement have cemented his status as the world’s richest person.

Elon Musk’s wealth surge driven by SpaceX, Tesla, and xAI

SpaceX

SpaceX has also showcased its role in the increasing wealth of Musk to historic levels. With an estimated 42% stake in the firm, the net worth of Musk is expected to grow by an enormous $168 billion if SpaceX continues to retain its current valuation of $800 billion. Analysts also expect it to reach a valuation of $1.5 trillion when it comes to the public market and possibly become the first trillionaire in the world. The innovative nature of SpaceX in terms of its rocket and satellite launches continues to impress the market while affecting the net worth of its CEO.

Tesla

Tesla stock is still an integral part of Musk’s financial network. His current stake of about 12% in Tesla is valued at $197 billion without taking into consideration the stock options from the 2018 CEO Performance Award that are still winding their way through litigation. Apart from that, Tesla shareholders have just approved what is considered the largest compensation deal of $1 trillion that is pegged on meeting various performance goals, including doubling the current market capitalization eightfold in ten years.

xAI

Musk’s AI company, xAI, is also a significant contributor to his net worth. In the advanced talk of raising funding worth $15 billion in fresh equity, the firm is placed at a value of $230 billion. Musk owns about 53% of the firm’s stakes under xAI Holdings, meaning he has a net worth of about $60 billion. AI is another major sector into which Musk has ventured.

Elon Musk’s rapid rise: From $24 billion to the brink of trillionaire status

Musk's emergence to $600 billion in a short span of time can be noted. He started with $24.6 billion in March 2020 and broke the $100 billion mark later in the same year, and reached $190 billion in January 2021. He broke many records in the last five years with his wealth and became the first person to break $500 billion in October 2025. At present, he leads the richest people in the world by a very large margin of $425 billion over Google co-founder Larry Page and is soon to reach $700 billion.