Elon Musk Becomes First Person Worth Over $600 Billion

Elon Musk, the CEO of SpaceX, Tesla, and xAI, has made history by becoming the first individual in the world to surpass a net worth of $600 billion, following a sharp rise in the valuation of SpaceX.

According to Bloomberg’s Billionaires Index, Musk’s fortune reached an estimated $638 billion as of December 15, 2025. The milestone was largely driven by SpaceX’s new valuation of about $800 billion, following a recent insider share sale.

The Texas-based aerospace company is now the most valuable privately held firm in the world, substantially increasing Musk’s personal wealth.

Musk’s assets include a roughly 12% stake in Tesla, worth around $200 billion, and a majority ownership of xAI Holdings, valued at approximately $60 billion. Together, these holdings could push his total net worth close to $700 billion, further widening the gap between him and the second-richest person globally, Larry Page, whose wealth stands at $265 billion.

SpaceX’s valuation surge also comes ahead of a planned public listing in 2026, which analysts project could value the company at $1.5 trillion.

During Tesla’s shareholder meeting in November, Musk thanked investors for approving his massive performance-linked compensation package, jokingly remarking, “Other shareholder meetings are snooze-fests, but ours are bangers. Look at this. This is sick.”

The pay package, potentially worth up to $1 trillion, is tied to Tesla’s market capitalization and operational performance targets over the next decade.

Meanwhile, SpaceX’s Starlink satellite network continues to expand global internet access, strengthening investor confidence. “Starlink bypasses the need to build massive infrastructure, enabling faster and broader connectivity,” said Chad Gibbs, Vice President of Starlink Operations.

Musk’s staggering financial success is the result of years of calculated risk-taking and innovation. His focus on electric vehicles, renewable energy, artificial intelligence, and space technology has positioned him not only as the world’s wealthiest person but also as one of the most influential figures shaping the future of technology.