Elon Musk has made history by becoming the first person in the world to reach a net worth of $600 billion, according to Forbes. The milestone comes amid growing optimism around his space venture SpaceX, which is reportedly preparing for a public listing next year at a valuation of around $800 billion.
Musk owns an estimated 42% stake in SpaceX, and the expected valuation could significantly boost his fortune. Forbes estimates that the SpaceX listing alone would add about $168 billion to his wealth, taking his total net worth to nearly $677 billion as of Monday afternoon.
His overall wealth has also been supported by his holdings in Tesla, where Musk owns roughly 12%. Despite slower vehicle sales, Tesla shares have risen 13% so far this year and jumped nearly 4% on Monday after Musk revealed that the company is testing robotaxis without safety monitors in the front passenger seat.
In November, Tesla shareholders approved a $1 trillion compensation package for Musk, the largest in corporate history, backing his plan to transform Tesla into a major player in artificial intelligence and robotics.
Meanwhile, Musk’s AI startup xAI is reportedly in advanced talks to raise $15 billion at a valuation of $230 billion, further strengthening his financial empire.
