The recent funding for his space company has pushed Elon Musk’s position closer toward the world’s first trillionaire, according to the valuation reported by Forbes. This figure is a sharp increase from the $400 billion valuation the company reached as recently as August.
Musk, who holds an estimated 42% stake in SpaceX, saw his wealth jump by $168 billion to approximately $677 billion with the latest report that SpaceX is raising funds to list in the stock exchange, which would propel the valuation of the space company to $800 billion.
An investor confirmed to Forbes that the recent tender offer comes as SpaceX prepares for an initial public offering, potentially as soon as 2026. The company could be valued at about $1.5 trillion at IPO, sources told Forbes. Multiple outlets have previously reported on both the tender offer and IPO plans.
Forbes also noted that Musk’s stake in SpaceX, currently valued at $336 billion, has become his largest asset, surpassing his holdings in Tesla. Musk retains a 12% interest in Tesla, equating to $197 billion, but this figure excludes stock options from his 2018 CEO Performance Award that were voided by a Delaware court ruling in January 2024. The value of those options has been halved by Forbes, now put at $69 billion, as Musk appeals the decision to the Delaware Supreme Court.
In a separate development last November, Tesla shareholders authorized a record pay package that could see Musk receive up to $1 trillion in additional stock, contingent on the company’s performance milestones.
Musk’s wealth is further bolstered by his 53% ownership of xAI Holdings, which, based on ongoing funding discussions at a $230 billion valuation, could be worth $60 billion. This valuation reportedly more than doubles the $113 billion figure xAI held in March, after merging Musk’s artificial intelligence business xAI with his social platform X (formerly Twitter), according to Forbes.
Trailing Musk in the global wealth rankings, Google cofounder Larry Page holds an estimated net worth of $252 billion, while Oracle chairman Larry Ellison is valued at $236.7 billion.
