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Forbes Says Elon Musk Becomes First Person Worth Over $600 Billion

The milestone follows a reported $800 billion private valuation for SpaceX that sharply lifted the value of his stake.

Overview

  • Forbes estimates Musk’s net worth at roughly $677 billion after a SpaceX share sale set the company’s valuation near $800 billion, up from $400 billion in August.
  • Musk is reported to own about 42% of SpaceX, making it his largest asset under the new private-market valuation.
  • His approximately 12% stake in Tesla is valued around $197–200 billion, separate from disputed compensation tied to a 2018 options plan.
  • Forbes counts those contested Tesla options at $69 billion after applying a 50% discount pending an appeal to the Delaware Supreme Court.
  • Reports say xAI is in talks to raise funds at about a $230 billion valuation with Musk’s stake near 53%, while U.S. media also outline the possibility of a SpaceX IPO in 2026.