Elon Musk's path to becoming the world's first trillionaire now appears to be driven not by electric cars but by rockets, as SpaceX has become the source of nearly two-thirds of his wealth, surpassing Tesla.
Last week, Elon Musk became the first person in the world to have wealth exceeding $800 billion, having previously been the first to surpass $300 billion, $400 billion, $500 billion, $600 billion, and $700 billion over the past few years.
Currently, according to the report fromForbes,his total net worth is over $844.8 billion, which exceeds the combined wealth of the next three richest billionaires—Larry Page and Sergey Brin, co-founders of Google, and Mark Zuckerberg, CEO of Meta.
After SpaceX announced its acquisition of xAI, Elon Musk's AI company, SpaceX's valuation soared to $1.25 trillion, boosting Musk's wealth accordingly.
Based on Musk's estimated 43% stake in the merged company, his shares would be worth over $530 billion, reflecting a rapid shift in his wealth base in a short time. CNBC reported that if SpaceX's valuation reaches $1.6 trillion upon going public, Musk would become the world's first trillionaire.
This clearly shows that Musk's wealth now depends more on SpaceX than ever before. Tesla stated in its corporate filings that"The majority of Elon Musk's current wealth comes from ventures other than Tesla."
Despite focusing more on SpaceX, Musk continues to pay close attention to Tesla. Late last year, Tesla shareholders approved a new compensation package for him potentially worth $1 trillion, to be paid in 12 installments if Tesla meets market value and performance targets over the next 10 years.
Source:CNBC
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