New Delhi: Elon Musk has rewritten the wealth record books all over the world. The SpaceX chief is the first individual to reach a net worth of more than $600 billion on Monday after his wealth skyrocketed, dropping by an unprecedented margin of $168 billion in one day, as detailed by Forbes. The boom came after new reports of a possible public offering of SpaceX at a huge valuation of $800 billion, report by Forbes.
The spike boosted the estimated net worth of Musk to approximately $677 billion at approximately 12 pm ET, making him the richest person in modern history. This sudden rise emphasises that valuations in the private market, particularly in high-growth tech and space companies, can overnight radically transform a list of billionaires.
SpaceX IPO buzz triggers historic wealth jump
The main source of the one-day growth of the wealth of Musk is SpaceX. The rocket company has a tender that values it at approximately $800 billion, as per reports citing individuals who are conversant with the issue, and it was made earlier this month. Musk also owns a majority of 42 percent of SpaceX, which by itself is currently valued at about $336 billion, report by Reuters.
Assuming SpaceX does an IPO at or anywhere close to that valuation, Musk may be the first trillionaire in the world. SpaceX, regardless of the IPO, has surpassed Tesla as the single most valuable asset of Musk, according to the current estimates.
Tesla shares add more fuel to Musk’s fortune
Musk was able to boost his wealth through Tesla, where he holds approximately 12%. So far in 2025, Tesla stocks are up by nearly 13 per cent in spite of decreasing vehicle sales. On Monday, the stock rose by almost 4 per cent on a disclosure by Musk that Tesla is conducting tests on robotaxis without safety monitors in the front passenger seat.
Musk has a stake in Tesla, which is now estimated to be worth about 197 billion, without his stock options being pegged on his performance award as CEO in 2018. Shareholders in November endorsed a 1 trillion compensation package paid to Musk, the largest in corporate compensation history, to support his plan to make Tesla an artificial intelligence and robots powerhouse.
xAI and private ventures strengthen Musk’s empire
In addition to SpaceX and Tesla, Musk has another artificial intelligence company called xAI gaining momentum. The media reports that were mentioned in the Reuters alleged that the company is in a serious negotiation to raise $15 billion at a valuation of $230 billion. An effective funding round would also cement the dominance of Musk in AI, space, and mobility.
These forward bets in frontier technologies are becoming more and more mutually strengthening, forming a concentration of wealth previously unknown, both in the private and in the public sphere of tech holdings.
From $24 billion to $600 billion in five years
The wealth history of Musk throughout the last five years can be described as explosive. His net worth is approximately $24.6 billion in March 2020. In August the same year, the rally of Tesla made him cross the $100 billion mark. In January 2021, he was made the richest person in the world and crossed $300 billion later the same year.
It continued climbing up to $400 billion in December 2024 and $500 billion in October. However, with the $600 billion milestone under his belt, Musk has now established a new standard that no one thought could exist before.