Tesla and SpaceX CEO Elon Musk has taken another major step toward becoming the world’s first trillionaire, according to recent reports.
SpaceX is reportedly preparing a tender offer that values the private aerospace company at around $800 billion, pushing Musk’s net worth up by $168 billion to an estimated $677 billion. With this surge, Musk has become the first individual in history to surpass $600 billion in personal wealth, Forbes reports.
SpaceX is also eyeing an initial public offering (IPO) next year, which could value the company at as much as $1.5 trillion, further boosting Musk’s fortune.
Musk owns around 12 percent of Tesla, a stake currently worth approximately $197 billion, excluding stock options. In addition, his artificial intelligence venture xAI Holdings is reportedly in talks to raise fresh funding at a valuation of $230 billion. Musk holds a 53 percent stake in xAI, valued at roughly $60 billion.
Musk’s wealth milestones have accelerated rapidly in recent years. He became the third person ever to reach $200 billion in September 2021, crossed $300 billion in November 2021, reached $400 billion in December 2024, and hit $500 billion earlier this year.
However, Musk recently pushed back against claims that SpaceX is raising new funds at an $800 billion valuation or receiving subsidies from NASA. Responding to reports first published by The Wall Street Journal, Musk clarified on X that SpaceX has been cash-flow positive for years and regularly conducts biannual stock buybacks to provide liquidity for employees and investors.
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He added that SpaceX’s valuation growth is driven by progress in Starship, expansion of Starlink, and efforts to secure global direct-to-cell spectrum, which significantly expands the company’s market potential. Musk hinted that another major factor—yet to be revealed—could be even more significant.
