Elon Musk has crossed a new milestone, becoming the first person in history to reach a $600 billion net worth, according to Forbes, fueled by soaring valuations across his companies, SpaceX, Tesla, and xAI.
The latest surge in Musk’s wealth follows reports that SpaceX is preparing to go public next year at a valuation of $800 billion, which could lift his net worth to roughly $677 billion. Musk owns 42% of SpaceX, whose value has doubled since August. The company’s tender offer earlier this month marked one of the largest private valuations in history and set the stage for what could become a $1.5 trillion IPO in 2026.
Musk’s fortune also rose as Tesla (TSLA) shares gained nearly 4% Monday, nearing record highs and valuing the automaker at $1.5 trillion. The rally came after Musk confirmed that Tesla’s robotaxi fleet is now testing vehicles without safety drivers, signaling major progress toward full autonomy.
Wedbush analyst Dan Ives called 2026 “a monster year” for Tesla, predicting volume production of its Cybercab robotaxis by midyear and a potential $2 trillion valuation ahead. Tesla shareholders last month also approved a $1 trillion pay package for Musk, the largest in corporate history.
Adding to his empire, Musk’s AI startup xAI is reportedly finalising a $15 billion funding round that would value it at $230 billion, further cementing his dominance across space, AI, and autonomous technology.
Together, the three ventures, SpaceX, Tesla, and xAI, have pushed Musk into an unprecedented wealth tier, redefining what a billionaire can be in the age of AI, automation, and private space exploration.
What it means for markets
For now, Wall Street is treating Tesla less like a pure EV maker and more like an AI and robotics platform tied to robotaxis, software, and energy. That shift, together with soaring private valuations for SpaceX and xAI, is why Musk’s wealth and Tesla’s market cap are rising so fast.
The big open questions are regulation, real world safety data, and how quickly Tesla can turn its robotaxi hype and Cybercab plans into profitable, scaled businesses.
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