• Elon Musk became the first person ever with a net worth of USD 600B, boosted by SpaceX and Tesla.
• SpaceX’s planned USD 800B IPO could increase Musk’s wealth by USD 168B, cementing his financial dominance.
• Tesla shares and ambitious projects, including robotaxis, continue to add to Musk’s unprecedented billionaire status.

Elon Musk

Elon Musk becomes the first person ever worth USD 600 billion. Forbes attributes this rise to his stakes in Tesla and SpaceX, with the latter preparing for a high-profile IPO.

Musk owns about 42% of SpaceX, which is expected to go public next year. Reuters reports that the planned IPO could value the company at USD 800 billion, potentially adding USD 168 billion to Musk’s fortune. His wealth is also supported by roughly 12% ownership in Tesla, whose shares have climbed 13% so far this year despite slowing sales. Recently, Tesla shares gained nearly 4% after Musk announced tests of robotaxis without front-seat safety monitors.

This milestone follows Musk’s earlier record of being the first person worth USD 500 billion in October. His financial rise comes as Tesla continues to pursue ambitious projects. In November, his investors approved a USD 1 trillion corporate pay package. This signals investors backing his vision to transform Tesla into a hub for AI and robotics. This remains the largest corporate compensation package ever.

Billionaire 

Analysts note that Musk’s wealth trajectory is heavily tied to his ability to deliver on these plans. Tesla faces increasing competition in electric vehicles, while SpaceX’s IPO could further redefine global billionaire rankings. Musk’s strategic stakes and pioneering ventures highlight how technology-driven investments continue to reshape global wealth.

This milestone underscores the influence of tech and innovation in wealth creation. Investors and entrepreneurs are watching closely as these developments could set new benchmarks for financial ambition and corporate governance.