Elon Musk, visionary entrepreneur and CEO of Tesla, SpaceX, and xAI, has achieved a historic milestone by becoming the first individual in history to surpass $600 billion in net worth.
This unprecedented accomplishment, fueled by the soaring valuations of his groundbreaking companies, cements Musk's position as the wealthiest person on the planet and underscores the transformative impact of innovation in electric vehicles, space exploration, and artificial intelligence.
According to recent reports, Musk's net worth has been propelled by a significant adjustment in SpaceX's valuation, which is preparing for a potential initial public offering (IPO) at an estimated $800 billion. This valuation surge alone added approximately $168 billion to Musk's fortune, pushing his total wealth to an estimated $677 billion as of today.
Bloomberg Billionaires Index places his current net worth at around $638 billion, reflecting the rapid growth driven by Tesla's dominance in the EV market and SpaceX's advancements in reusable rocketry and satellite internet via Starlink.
Musk's journey to this record-breaking figure has been marked by several key milestones: reaching $300 billion in November 2021, $400 billion in December 2024, and $500 billion in October 2025. His wealth is primarily tied to his stakes in Tesla (approximately 13%), SpaceX (around 42%), and other ventures including xAI, Neuralink, and The Boring Company.
Tesla's stock has seen remarkable gains amid global shifts toward sustainable energy, while SpaceX's contracts with NASA and commercial launches have solidified its status as a leader in the aerospace industry.
"Elon Musk's achievement is not just a personal triumph but a testament to the power of bold ideas and relentless execution," said a spokesperson for xAI. "From revolutionizing transportation with Tesla to making humanity multi-planetary through SpaceX, Musk continues to push the boundaries of what's possible."
This milestone comes at a time when Musk's influence extends beyond business into policy and technology. As an advisor to global leaders and a vocal advocate for AI safety and Mars colonization, Musk's wealth enables unprecedented investments in future technologies. Analysts predict that with SpaceX's IPO on the horizon, Musk could be on a path to becoming the world's first trillionaire in the coming years.