In just a matter of weeks, Elon Musk has rewritten the record books yet again. He as become the first individual in history to amass a net worth of $600 billion, cementing his position as the world’s richest person.
A sharp surge in the valuations of his key businesses—led by SpaceX and supported by Tesla and his artificial intelligence venture xAI—has pushed his personal wealth to an unprecedented $600 billion, marking a 20 percent jump in barely two months and intensifying speculation over whether he could become the world’s first trillionaire.
According to Forbes, Musk crossed the milestone on Monday, barely two months after becoming the first person to surpass $500 billion in October. He made $100bn (roughly Rs 9,00,000 crore) in just two months.
Musk is the chief executive of SpaceX and Tesla, and his rapidly expanding fortune is largely driven by the soaring valuation of SpaceX, his privately held space exploration company.
Musk owns an estimated 42 percent stake in SpaceX. Reports suggest the company could go public as early as 2026, with an expected valuation of around $800 billion—double its earlier estimate of $400 billion.
If the SpaceX initial public offering (IPO) materialises at the higher end of expectations, the company’s valuation could even rise to $1.5 trillion. Forbes estimates that such a scenario could add about $168 billion to Musk’s personal wealth, potentially lifting his net worth to nearly $680 billion.
Even without an IPO, SpaceX remains Musk’s most valuable asset. His stake in the company alone is estimated to be worth more than $330 billion, and analysts believe it could eventually make him a trillionaire if valuations continue to climb.
Musk’s wealth is also supported by his roughly 12 percent stake in Tesla, currently valued at about $197 billion. In November, Tesla shareholders approved a performance-linked compensation package for Musk, described as the largest corporate pay deal in history.
The decision underlined investor confidence in Musk’s vision of transforming Tesla into a leader in artificial intelligence, robotics and autonomous driving technologies.
Tesla shares have gained 13 percent so far this year despite slower vehicle sales. The stock rose further after Musk revealed that the company is testing robotaxis without safety monitors in the front passenger seat.
Musk’s artificial intelligence startup, xAI, is also contributing to the rapid rise in his net worth. The company is reportedly in advanced talks to raise $15 billion in fresh funding at a valuation of about $230 billion.
When Musk launched xAI in March and later merged it with his social media platform X, the combined entity was valued at around $113 billion.
With SpaceX, Tesla and xAI all witnessing sharp valuation gains, Musk’s wealth has surged by about 20 percent in just two months—bringing him closer than ever to an unprecedented financial milestone.
