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Elon Musk has crossed a financial threshold once considered impossible. According to the Bloomberg Billionaires Index and Forbes estimates, the world’s richest person added roughly $167 billion in a single day, pushing his net worth beyond $600 billion — a level no individual has ever reached before.
What makes this moment remarkable is not just the size of the jump, but its source. This was not driven by a surge in Tesla shares. Instead, the catalyst came from SpaceX, the private aerospace company Musk founded more than two decades ago.
SpaceX Revaluation Reshapes Musk’s Fortune
The sudden rise in Musk’s wealth followed a sharp private-market revaluation of SpaceX, reportedly lifting the company’s valuation to around $800 billion. That marks a dramatic increase from earlier estimates near $500 billion.
Investors are increasingly valuing SpaceX not only as a launch provider but as a long-term infrastructure business. Its Starlink satellite network now spans thousands of satellites, delivers internet service across dozens of countries, and generates recurring revenue that resembles telecom or utility models rather than speculative tech.
With Musk owning roughly 42% of SpaceX, the repricing alone added well over $150 billion to his personal net worth, accounting for the bulk of the historic one-day gain.
Tesla Takes a Back Seat—for Now
For years, Tesla stock has been the primary driver of Musk’s ranking atop global wealth lists. This time, Tesla played a minor role. Shares were relatively stable as Musk crossed the $600 billion mark, highlighting a structural shift in how his wealth is composed.
According to Forbes estimates, SpaceX now represents more than half of Musk’s total net worth, reducing his dependence on public-market volatility and placing more weight on private assets.
A Flywheel of Earth and Orbit
Together, Tesla and SpaceX form a rare dual-engine wealth model. Tesla operates at mass-market scale across electric vehicles, energy storage, and artificial intelligence. SpaceX controls critical space infrastructure, from satellite connectivity to government launch contracts.
This combination helps explain why investors are willing to assign premium valuations. One company dominates terrestrial transport and energy; the other shapes access to orbit and global communications.
Is a Trillion-Dollar Fortune Next?
Talk of Elon Musk becoming a trillionaire no longer sounds absurd. Reports suggest SpaceX has internally discussed an IPO timeline as early as 2026. If public markets validate current private valuations, Musk’s SpaceX stake alone could approach $500 billion.
Still, risks remain. Private valuations can reset, IPO enthusiasm can fade, and regulatory pressure around space-based infrastructure may increase. But Musk crossing $600 billion underscores a deeper trend: the largest fortunes of this era are being built before companies ever go public.
For investors, the message is clear. The next wave of wealth creation may already be happening behind closed doors.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
