Overview
- Forbes put Musk’s net worth near $677 billion after reporting a SpaceX insider tender valuing the company around $800 billion.
- Bloomberg’s Billionaires Index later showed his fortune higher than $640 billion, with Business Insider citing a record about $648 billion on Wednesday.
- Musk owns roughly 42% of SpaceX, and the new benchmark added an estimated $168 billion to his wealth in a single day, making SpaceX his largest asset.
- Reports say SpaceX is preparing for a possible 2026 IPO that could value the company near $1.5 trillion, though timing and valuation remain unconfirmed.
- Musk posted on X that claims SpaceX is “raising money at $800B” are not accurate, describing the activity as periodic stock buybacks for liquidity rather than a fresh capital raise.