Elon Musk has set a new historic wealth milestone, recording a net worth of $677B. According to Forbes, a SpaceX tender offer drove this sharp asset growth, valuing the company at $800B.
This event cements the entrepreneur’s lead in global billionaire rankings and significantly widens the gap with competitors.
Investors told Forbes that the new SpaceX valuation doubles the August figure of $400B. Musk owns approximately 42% of the rocket maker, adding $168B to his personal fortune.
His SpaceX stake is now worth roughly $336B. For the first time, it has become the most valuable asset in the businessman’s portfolio, flipping his share in Tesla.
This valuation surge comes as SpaceX targets an initial public offering (IPO) in 2026. The company eyes a market cap of $1.5T. Even without an IPO, the current momentum makes Musk’s status as the world’s first trillionaire imminent.
Portfolio Breakdown & Risks
Musk’s second largest asset — a 12% stake in Tesla — is valued at $197B. Notably, this figure excludes options from the 2018 compensation package, which a Delaware court voided in January 2024.
Analysts price these options with a 50% discount (approximately $69B) pending the appeal outcome in the Delaware Supreme Court.
Startup xAI Holdings offers additional upside. The company is negotiating a new funding round at a $230B valuation.
Musk owns 53% of the venture, equivalent to $60B. If Tesla hits ambitious goals to increase market cap eightfold over ten years, the new shareholder-approved bonus package could yield up to another $1T.
Unrivaled Lead
The pace of Musk’s wealth accumulation shows unprecedented momentum: back in March 2020, his net worth stood at $24.6B. He cleared the $100B mark in August of that year and hit $500B in October 2025.
Currently, the gap between the leader and second-place Google co-founder Larry Page stands at $425B. Musk is closer to the $1T milestone than he is to losing the title of the world’s richest person.
He is just $23B short of hitting the next major target of $700B.
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