Elon Musk Breaks $600 Billion Barrier on Soaring SpaceX Valuation

Tesla (NASDAQ:TSLA) CEO Elon Musk's net worth has surpassed $600 billion for the first time, driven by a sharp increase in the valuation of his aerospace company, SpaceX, Bloomberg News reported Monday.

According to the Bloomberg Billionaires Index, Musk is now worth approximately $638 billion after SpaceX reached a valuation of roughly $800 billion following an insider share sale, the report stated.

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While this $800 billion valuation is impressive, reports suggest it may just be the launchpad. Financial insiders indicate SpaceX is preparing for a potential IPO (Initial Public Offering) as early as 2026, targeting a staggering $1.5 trillion valuation. If successful, this event alone would likely propel Musk to become the world's first trillionaire.

Musk is not just leading the list of the world's richest people; he has lapped the field.

• Elon Musk: ~$638 Billion
• Larry Page (Google co-founder): ~$265 Billion

The gap between #1 and #2 (approx. $373 billion) is now larger than the entire net worth of the second richest person.

Musk owns an estimated 42% of SpaceX. In previous years, Tesla stock was the primary engine of his wealth. However, at a $800 billion valuation, his SpaceX stake alone is worth roughly $336 billion—making his private space company effectively more valuable to his personal fortune than his public stake in Tesla (TSLA).

While SpaceX grabs the headlines, Musk's artificial intelligence venture, xAI, is reportedly in talks to raise capital at a valuation of $230 billion (up from $40 billion just months prior). This creates a "third pillar" of massive wealth alongside Tesla and SpaceX.