DZWatch Exclusive: Elon Musk has achieved an unprecedented milestone in the history of global wealth, with his net worth surpassing $600 billion. This solidifies his position as the wealthiest individual in modern history and brings him closer to becoming the world’s first trillionaire.
This record-breaking surge is primarily attributed to the remarkable increase in the valuation of SpaceX. The aerospace company has become a cornerstone of Musk’s wealth, surpassing his other investments in technology and electric vehicles.
According to reports, SpaceX recently conducted an internal tender offer that propelled the company’s valuation to approximately $800 billion, a significant jump from the $400 billion valuation recorded just months prior. This exceptional growth directly impacted Musk’s net worth, as he holds approximately 42% of SpaceX’s shares.
This surge added an estimated $168 billion to his wealth, bringing his total net worth to around $677 billion. Musk is the first person in history to surpass the $500 billion and $600 billion thresholds.
Speculation suggests that SpaceX might pursue an initial public offering (IPO) as early as 2026, potentially reaching a market capitalization of $1.5 trillion. If this scenario materializes, Elon Musk could become the first trillionaire in history. While neither Musk nor SpaceX management has officially confirmed these plans, indicators within financial circles suggest growing optimism about the company’s future.
Data indicates that Musk’s stake in SpaceX alone is valued at approximately $336 billion, making it the largest asset in his portfolio, exceeding his stake in Tesla. Musk owns about 12% of Tesla’s shares, valued at nearly $197 billion.
DZWatch will continue to monitor this developing story and provide updates as they become available.
