Elon Musk Makes History: First Ever to Surpass $600 Billion Net Worth as SpaceX Valuation Rockets

Renowned entrepreneur Elon Musk has reached a historic financial milestone, becoming the first individual in history to exceed a $600 billion net worth, according to Forbes and other wealth trackers. 

This record-breaking wealth surge is primarily tied to a dramatic rise in the valuation of SpaceX, the aerospace company Musk leads, along with continued contributions from Tesla and his other technology ventures. 

SpaceX Valuation: The Main Engine of Wealth

SpaceX recently completed a tender offer valuing the company at approximately $800 billion, double its valuation just a few months earlier. Musk owns an estimated 42 % stake in the company, which means the latest valuation jump added roughly $168 billion to his net worth in a single leap. 

SpaceX’s current valuation makes it one of the world’s most valuable private companies, a position previously held by top tech firms before going public. The company is also reportedly preparing for an initial public offering (IPO) targeted for 2026, which analysts believe could push its valuation toward $1.5 trillion — potentially lifting Musk’s personal wealth even higher. 

Tesla and Other Ventures Still Key Contributors

While SpaceX is now the largest catalyst for Musk’s wealth, his stake in Tesla — where he holds about **12 % ownership — continues to be a major component of his fortune. Tesla stock has recently climbed with optimism around advances in autonomous driving and robotaxi testing. 

In addition, Musk’s artificial intelligence venture xAI, which merged with his social media platform X, also adds to his diverse portfolio. The combination of these assets has compounded Musk’s net worth growth over recent years. 

Historic Wealth Growth Trajectory

Musk’s rise to the top of the global wealth list has been meteoric. From a net worth of around $24 billion in 2020, he has climbed through multiple record levels — surpassing $100 billion, $300 billion, and $500 billion milestones before reaching over $600 billion in late 2025. 

The sheer scale of this financial leap places Musk far ahead of his nearest competitors on billionaire rankings, with his net worth reportedly more than double that of the second richest individual on some lists. 

Looking Ahead: Trillion-Dollar Threshold in Sight

With SpaceX’s IPO prospects and continued innovation across his companies, many analysts believe Musk could soon become the world’s first trillionaire. Should SpaceX achieve its projected public valuation near $1.5 trillion, Musk’s ownership stake could propel his total net worth toward the $900 billion to $1 trillion range. 

Even beyond wealth metrics, Musk’s expanding influence — spanning electric vehicles, space exploration, artificial intelligence, and more — continues to shape major industries worldwide.