Elon Musk Becomes First Person to Exceed $600 Billion Net Worth

• Elon Musk has become the first individual to surpass a $600 billion net worth, with Forbes estimating his wealth at $677 billion.
• The surge is largely driven by a dramatic increase in SpaceX’s valuation to $800 billion, making his stake in the company his most valuable asset.
• With strong holdings in Tesla and xAI, and a potential SpaceX IPO on the horizon, Musk is increasingly positioned to become the world’s first trillionaire.

Elon Musk has made history by becoming the first person to exceed a net worth of $600 billion, with his wealth estimated at $677 billion as of Monday noon, U.S. Eastern Time, according to Forbes.

This surge in fortune was primarily driven by a sharp rise in the valuation of his private space company, SpaceX.

Earlier this month, a tender offer valued SpaceX at $800 billion, doubling its previous $400 billion valuation from August. Musk owns an estimated 42% stake in SpaceX. The valuation increase alone added approximately $168 billion to his fortune. Forbes estimates that his SpaceX stake, valued at $336 billion, is now his most valuable asset, surpassing his Tesla holdings.

The tender offer comes as SpaceX prepares for a potential IPO in 2026, which could value the company at around $1.5 trillion. Such an IPO would likely make Musk the world’s first trillionaire.

Musk’s 12% stake in Tesla is estimated to be worth about $197 billion. His xAI Holdings is also a significant contributor; the company is reportedly raising funds at a $230 billion valuation. Musk owns 53% of xAI Holdings, valued at approximately $60 billion.

With an estimated $425 billion lead over the world’s second-richest person, Google co-founder Larry Page, Musk is closer to reaching $700 billion than losing his spot.