Elon Musk’s net worth tops $600 billion! How did the SpaceX CEO increase his wealth by $168 billion in a day?
Elon Musk’s net worth: Elon Musk created history on Monday and became the first person in the world to reach a net worth of $600 billion, according to a report. Forbes.
Musk’s net worth, according to the report, citing two people familiar with the development Following the news that rocket startup SpaceX will go public with a valuation of $800 billion, its shares increased by $168 billion in one day.
According to the news source, two investors said that the tender worth $ 800 billion for SpaceX was made at the beginning of this month.
How did Elon Musk’s net worth increase?
It was stated that Elon Musk, who became the first person whose net worth exceeded $ 500 billion in October, has an estimated 42% stake in SpaceX. Reuters last week.
Musk’s massive stake in the rocket company will thus increase his net worth by $168 billion, to an estimated $677 billion as of 12 a.m. ET on Monday. Forbes.
If SpaceX’s IPO is realized with a valuation of $ 800, it will make Elon Musk the first trillionaire in the world. Even if that valuation isn’t reached, Musk’s estimated $336 billion stake in SpaceX is currently his most valuable asset. Forbes.
Not just SpaceX, Elon Musk’s net worth also got a boost from his nearly 12% stake in electric vehicle maker company Tesla; shares of this company are up 13% so far in 2025, even after the sales lag. Tesla shares rose nearly 4% on Monday after Musk said the company was testing robotaxi without safety monitors in the front passenger seat.
Musk’s stake in Tesla is now worth about $197 billion, excluding stock options from his 2018 CEO Performance Award.
In November, Tesla shareholders approved a $1 trillion pay plan for Musk, the largest corporate pay package in history; Investors also approved of his vision to transform the electric vehicle maker into an artificial intelligence and robotics behemoth.
Additionally, according to a media report, artificial intelligence startup xAI is in advanced talks to raise $15 billion in new equity capital at a valuation of $230 billion. Reuters.
Elon Musk’s wealth increases
Elon Musk’s net worth has grown very rapidly in the last five years, and surpassing $600 million comes as his latest achievement on the front.
In March 2020, the Tesla CEO’s fortune was a modest $24.6 billion. In August of the same year, Tesla shares increased rapidly, making him the fifth person to reach a fortune of $100 billion. Elon Musk became the richest person in the world in January 2021, with a fortune of nearly $190 billion. In September of the same year, he became the third person in history to reach a fortune of $300 billion, after Jeff Bezos and Bernard Arnault.
However, the increase in Musk’s wealth was not limited to this; It reached a net worth of $400 billion in December 2024 and $500 billion in October.
