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Musk Becomes First Person Worth Over $600 Billion as SpaceX Valuation Jumps

A private tender valuing SpaceX near $800 billion lifted the value of his roughly 42% stake.

Overview

  • Forbes pegs Elon Musk’s net worth at about $677 billion after the SpaceX tender, the first time any individual has been reported above $600 billion.
  • Multiple outlets report the tender valued SpaceX around $800 billion, adding roughly $168 billion to Musk’s fortune and making his stake—estimated by Forbes at about $336 billion—his largest asset.
  • The Bloomberg Billionaires Index puts Musk’s wealth near $638 billion after applying a private-company liquidity discount, underscoring methodological differences across trackers.
  • Musk publicly said reports that SpaceX is raising money at an $800 billion valuation are not accurate, citing regular buybacks and business progress as drivers of valuation moves.
  • Further potential swings include Tesla, where Musk holds about 12% and shareholders approved a pay package that could be worth up to $1 trillion if goals are met, and xAI, which is reported to be in advanced talks to raise $15 billion at a $230 billion valuation; SpaceX is also reported to be targeting a 2026 IPO that could value it near $1.5 trillion.