The world's richest person, Elon Musk, has reached a historic milestone, becoming the first individual in history whose net worth has exceeded $600 billion. This was driven by the rapid increase in the valuation of his rocket company, SpaceX. This is reported by Forbes, writes UNN.
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According to Forbes, a recent tender offer valued SpaceX at $800 billion (compared to $400 billion in August), which increased Musk's wealth, who owns approximately 42% of the company, to approximately $677 billion. Reaching the $600 billion mark was a unique milestone, as no one had previously even reached $500 billion.
Musk's stake in SpaceX, valued at $336 billion, is currently his most valuable asset.
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Musk's rapidly growing wealth is fueled by expectations: SpaceX plans to hold an IPO in 2026, which investors predict could value the company at approximately $1.5 trillion. A successful IPO at such a valuation would likely make Musk the world's first trillionaire.
Even without an IPO, Musk has other assets contributing to his growth:
- His 12% stake in Tesla is worth $197 billion.
- xAI Holdings (artificial intelligence) is negotiating new funding with a valuation of $230 billion.