Washington, USA – American businessman Elon Musk has achieved an unprecedented feat in the history of global wealth, after becoming the first person whose wealth exceeds $600 billion.
Driven by the significant jump in the valuation of his space company, SpaceX, according to a report by Forbes magazine.
According to the report, SpaceX launched an offering to sell shares to investors earlier this month.
The company is valued at around $800 billion, compared to around $400 billion last August.
Musk owns approximately 42% of the company, which increased his wealth
by about $168 billion in one go, to reach about $677 billion.
This is the highest level ever reached by anyone in modern history.
Musk… the world’s first trillionaire
Forbes noted that SpaceX is targeting an initial public offering in 2026,
which could raise its valuation to around $1.5 trillion.
This opens the door for Musk to get closer to becoming the world’s first trillionaire.
Even without the anticipated IPO, Musk’s stake in SpaceX has become the largest asset in his wealth.
In contrast, Musk’s roughly 12% stake in Tesla is worth about $197 billion.
This is without taking into account the stock options associated
with the bonus package, which are still subject to legal dispute.
Musk also owns a significant stake in XAI Holdings.
That company resulted from the merger of the artificial
intelligence company xAI with the “X” platform (formerly Twitter),
Which is holding talks to raise new funding with an estimated value of around $230 billion.
New station on the rise
Surpassing the $600 billion mark is a new milestone in Musk’s rising wealth in just five years.
It rose from less than $25 billion in 2020 to the top of the list of the world’s richest people.
With a lead of over $400 billion over his nearest rivals,
Musk is consolidating his position as the world’s richest person.
With expectations of setting new records in the coming period.
