Billionaire tech entrepreneur Elon Musk has surpassed a net worth of $600 billion, making history as the first individual ever to enter the $600 billion club, according to Forbes and other financial assessments. The milestone reflects massive valuation gains in his key ventures — particularly SpaceX and Tesla — and cements his position as the richest person in modern history.
📈 Record-Setting Wealth Growth
Musk’s net worth climb comes on the back of:
- SpaceX valuation surge: A recent private tender offer valued SpaceX at around $800 billion, significantly boosting the value of Musk’s roughly 42 % stake in the aerospace company.
- Tesla stock performance: Musk also holds a significant share of Tesla, the EV giant whose shares have been rising amid expanded automotive and AI ambitions.
- Other ventures: His AI startup xAI and other technology investments have helped grow his portfolio further.
Forbes estimates Musk’s total fortune at around $677 billion, with continued growth expected if SpaceX moves forward with its planned IPO, potentially later in 2026.
This achievement follows Musk’s earlier milestone in October 2025, when he became the first person worth $500 billion.
🌍 A Wealth Milestone With Wider Impact
Musk’s entry into the $600 billion club is significant not just for its headline figure but for what it reveals about the value of innovation-driven enterprises:
- SpaceX’s growth trajectory highlights strong investor faith in commercial space and satellite infrastructure — sectors once dominated by government players
- Tesla’s expanding market position, including efforts in autonomous driving, energy products, and AI integration, continues to underpin a large portion of Musk’s wealth.
- Tech billionaires reaching such valuations underscores the scale of wealth concentration in tech and its link to future-oriented industries
Musk now stands far ahead of other billionaire peers, with his net worth exceeding that of the next richest individuals by a substantial margin. Forbes
🚀 What’s Next for Musk’s Wealth Journey
Industry watchers are closely watching SpaceX’s planned IPO, expected to be one of the largest public offerings in history if it materializes at or above its current valuation. A successful SpaceX listing could push Musk’s net worth even higher, potentially towards trillionaire status — a milestone no individual has yet reached.
