Elon Musk became the first person in history to reach a fortune of more than 600 billion dollars (more than 510 billion euros), according to estimates by Forbes. Last October, the founder of Tesla and SpaceX was the first to reach a fortune of 500 billion, weeks after Larry Ellison, co-founder of Oracle, took away the throne of the richest man in the world for a few days, with the stock market rebound of his company, now punished on the markets for doubts about its activities in artificial intelligence (AI).
Likewise, Musk is already aiming to surpass $1 trillion in 2026 with the corporate operations that some of his companies such as SpaceX and xAI have underway.
The first step came from SpaceX, which in its latest valuation, established during the recent employee stock sale, reached $800 billion, compared to $400 billion in the previous valuation, established months before. According to various American specialized media, Musk holds approximately 42% of the company’s capital. to start up space services, currently the most valuable in the world ahead of OpenAI, with 500 billion; Anthropic, with 350 billion; and ByteDance, the parent company of TikTok, with 300 billion.
SpaceX has launched its IPO process and is already negotiating with banks. If listed at this valuation, Musk would increase his assets by nearly $168 billion.
Today in the market there are even higher valuations for SpaceX, which has become strong in the rocket launch and satellite internet access sectors with its Starlink. According to Reuters, the company is seeking to raise $25 billion in its IPO, which would allow it to reach a valuation of $1 trillion. Bloomberg brings the fundraising to 30 billion, with a valuation of the company at 1.5 trillion.
Additionally, as part of the business operations of Musk’s companies, his to start up Artificial intelligence company xAI has a funding round underway to raise $15 billion, worth $230 billion. In the transaction, the to start up He has received support from different financial groups and companies like Nvidia, whose CEO, Jensen Huang, has repeatedly admitted that he enjoys participating in many of Musk’s projects.
As part of this increase in assets, Musk has also been helped by the rebound in the Tesla stock market, which rose 17% last month, with a rise of more than 4% on Monday alone. The tycoon himself, who owns around 12.5% of the company’s capital, announced that Tesla was testing robot taxis without safety monitors in the front passenger seat. Shares of the automaker hit $481 on Monday, one step shy of their all-time high of $488.
Tesla has been at the center of debate and controversy in recent months due to the nearly $1 billion bonus, the highest compensation in history, for Elon Musk over the next decade if he achieves a series of goals. This billion-dollar salary was approved by the shareholders of the electric vehicle company at the meeting held in early November, with 75% support, after receiving criticism and rejection from large investors, among which the Norwegian sovereign wealth fund stands out.
Among other objectives to obtain said remuneration, Musk will have to multiply Tesla’s market value sixfold to reach 8.5 billion capitalization within 12 years. At the close of trading on Monday, the market value was 1.58 trillion.
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