Elon Musk has shattered yet another financial record, becoming the first individual in history to amass a fortune exceeding $600 billion.
This historic milestone comes amidst intensifying reports that his aerospace company, SpaceX, is preparing to go public with a staggering valuation.
SpaceX Fuels the Surge
The primary driver of this wealth explosion is SpaceX. The company is reportedly eyeing a public listing next year at a valuation of $800 billion.
Musk holds an estimated 42% stake in the rocket manufacturer. If the projected valuation holds, this single asset would bolster his net worth by approximately $168 billion, pushing his total fortune to an estimated $677 billion as of Monday.
Tesla and Robotaxis
Musk’s wealth has also seen significant gains from his stake in the electric vehicle giant, Tesla. He owns roughly 12% of the company.
Despite facing sales headwinds, Tesla shares have proven resilient, rising 13% so far this year. The stock jumped nearly 4% on Monday following Musk’s announcement that the company has begun testing robotaxis without safety monitors in the front passenger seat.
This renewed investor confidence follows a major victory for Musk in November, when shareholders approved a historic $1 trillion pay plan. Investors have largely endorsed his strategy to transform the automaker into a dominant force in artificial intelligence and robotics.
xAI Valuation Climbs
Beyond cars and rockets, Musk’s artificial intelligence venture is also contributing to his financial ascent.
His startup, xAI, is reportedly in advanced discussions to raise $15 billion in fresh equity. These talks are based on a valuation of $230 billion, further cementing Musk’s dominance across multiple high-tech industries.
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