Elon Musk makes history again! Crosses $600 billion net worth milestone: Forbes

Elon Musk has once again pushed the boundaries of personal wealth. On Monday, Forbes confirmed that the tech entrepreneur became the first individual ever to amass a net worth of $600 billion, marking an unprecedented milestone in global finance.

Must Read: Meet world's youngest self-made billionaire Luana Lopes Lara, know her education, career and net worth

SpaceX IPO Buzz Fuels the Surge

The dramatic rise in Musk’s fortune follows reports that SpaceX is preparing for a public listing next year. The aerospace company is expected to debut at a staggering valuation of $800 billion. Musk, who holds an estimated 42% stake in SpaceX, stands to gain enormously from the proposed move.

According to Forbes, the anticipated valuation alone could lift Musk’s wealth by $168 billion, taking his estimated net worth to $677 billion as of 12 p.m. ET on Monday. 

Tesla’s Stock Rally Adds Momentum

Musk’s financial ascent has also been powered by his holdings in Tesla. He owns roughly 12% of the electric vehicle giant, whose shares have climbed 13% so far this year, despite signs of slowing sales.

Investor confidence strengthened further after Tesla shares jumped nearly 4% on Monday, following Musk’s announcement that the company is testing robotaxis without safety monitors seated in the front passenger seat. 

A Pay Package Like No Other

In November, Tesla shareholders approved a $1 trillion compensation plan for Musk - the largest corporate pay package ever. The decision reflected investor backing for his long-term strategy to transform Tesla into a dominant force in artificial intelligence and robotics.

xAI Joins the Wealth Engine

Beyond cars and rockets, Musk’s artificial intelligence venture xAI is also contributing to his expanding empire. The startup is reportedly in advanced discussions to raise $15 billion in new funding at a valuation of $230 billion, further strengthening Musk’s financial standing.

Also Read: Meet India's youngest self-made billionaire Aravind Srinivas

No Immediate Comment

Musk, along with Tesla, SpaceX and xAI, did not immediately respond to requests for comment from Reuters.