Overview
- Musk’s estimated fortune rose above $600 billion for the first time, with Forbes now pegging it at about $677 billion.
- He owns roughly 42% of SpaceX, and the higher private valuation lifted his paper wealth by an estimated $168 billion.
- Forbes had previously valued SpaceX at $400 billion and listed Musk near $500 billion earlier the same day, while Bloomberg’s figure was lower, underscoring methodology differences.
- Media reports say SpaceX is considering an initial public offering as soon as 2026, with Reuters citing talks about raising more than $25 billion at a valuation above $1 trillion, which has not been confirmed by the company.
- Additional swings in Musk’s wealth reflect his roughly 12% Tesla stake and reports of potential new funding for xAI, with Tesla shares recently rising after robotaxi testing updates.