Elon Musk Just Became The First Person Ever Worth $677 Billion

Elon Musk has moved dramatically closer to becoming the world’s first trillionaire after SpaceX launched a tender offer valuing the private aerospace company at $800 billion, double its $400 billion valuation in August, according to investors cited by Forbes.

The new valuation adds an estimated $168 billion to Musk’s wealth. With roughly 42% ownership in SpaceX, his net worth now stands at about $677 billion, making him the first individual in history to surpass the $600 billion mark. No other person has ever reached $500 billion.

SpaceX is reportedly targeting an initial public offering in 2026 that could value the company at around $1.5 trillion. If achieved, the IPO alone would likely push Musk into trillionaire territory. Even without an IPO, Musk’s SpaceX stake is now his most valuable asset, estimated at $336 billion.

Musk also holds approximately 12% of Tesla, worth about $197 billion, excluding disputed stock options from his 2018 CEO compensation package. Those options, currently under appeal after being voided by a Delaware judge, are valued by Forbes at a discounted $69 billion. If reinstated, they would significantly accelerate Musk’s path to $1 trillion.

Tesla could still serve as another route to that milestone. In November, shareholders approved a performance-based compensation plan that could grant Musk stock worth up to $1 trillion if Tesla meets aggressive long-term market capitalization targets over the next decade.

Beyond SpaceX and Tesla, Musk controls xAI Holdings, formed earlier this year through the merger of xAI and X. The company is reportedly seeking funding at a $230 billion valuation. Forbes estimates Musk owns 53% of xAI Holdings, valuing his stake at roughly $60 billion.

Musk’s rise has been historically rapid. His net worth stood at $24.6 billion in early 2020. He crossed $100 billion later that year, became the world’s richest person in 2021, hit $300 billion in 2021, $400 billion in late 2024, and $500 billion earlier this year. His current lead over the world’s second-richest person, Larry Page, exceeds $425 billion.

At just $23 billion shy of $700 billion, Musk appears closer to reaching the next milestone than relinquishing his position as the world’s richest individual.