Forbes estimates that Musk’s stake in SpaceX, valued at about $336 billion, is now his most valuable asset. This surpasses his roughly 12 per cent holding in electric vehicle maker Tesla, estimated at $197 billion.
The world’s richest man, Elon Musk has again made history as the first man to surpass a net worth of $600 billion, with his fortune currently estimated at $677 billion as of 12 p.m. U.S. Eastern Time on Monday.
According to Forbes, the sharp increase in Musk’s wealth was driven by a significant leap in the valuation of his private aerospace company, SpaceX.
Earlier in December, SpaceX completed a tender offer that valued the company at $800 billion—two times its $400 billion valuation in August, based on investors cited by Forbes.
The billionaire entrepreneur who owns an estimated 42 per cent stake in SpaceX, saw his personal fortune rise by about $168 billion from the higher valuation alone.
Interestingly, the tender offer comes as SpaceX reportedly prepares for a potential initial public offering (IPO) in 2026, which one investor predicted could value the company at about $1.5 trillion.
It is estimated that such a move could place Musk on track to become the world’s first trillionaire, even without factoring in gains from his other businesses.
Again, Forbes estimates that Musk’s stake in SpaceX, valued at about $336 billion, is now his most valuable asset. This surpasses his roughly 12 per cent holding in electric vehicle maker Tesla, estimated at $197 billion.
Musk’s Tesla stock options from his 2018 CEO performance award—voided by a Delaware judge in January 2024—have been discounted to about $69 billion, pending the outcome of his appeal before the Delaware Supreme Court.
Elon Musk‘s artificial intelligence venture, xAI Holdings, was also mentioned as having contributed significantly to his impressively growing wealth.
xAI Holdings is reportedly raising funds at a valuation of $230 billion, more than double the $113 billion valuation Musk cited in March when xAI was formed through a merger with his social media platform, X. Musk owns about 53 per cent of xAI Holdings, valued at approximately $60 billion.
With an estimated $425 billion gap between him and the world’s second-richest richest, Google co-founder Larry Page, the report noted that Musk is now closer to the $700 billion mark than to losing his position as the world’s richest man.
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