Elon Musk’s fortune soars near $600bn ahead of SpaceX public listing

Elon Musk has once again rewritten the global wealth rankings, with his net worth surging close to the $600 billion mark amid growing speculation around a SpaceX public listing. 

According to Forbes, the surge reflects renewed investor confidence in Musk’s empire, particularly his dominance in space, electric vehicles (EV), and artificial intelligence (AI).

The biggest catalyst is SpaceX, which is reportedly preparing for a public offering at a valuation of roughly $800 billion. 

Notably, Musk owns about 42% of the aerospace company, meaning any listing would dramatically inflate his personal fortune and further separate him from every other billionaire on the planet.

Beyond rockets, Musk’s wealth has also been boosted by Tesla’s stock gains this year, even as the EV maker faces slowing sales growth. 

Shares climbed after Musk revealed progress on unsupervised robotaxi testing, reinforcing his long-term push to reposition Tesla as an AI and robotics powerhouse.

Investors have also taken note of Musk’s AI venture xAI, which is reportedly seeking fresh funding at a valuation north of $200bn. 

Investors have also taken note of Musk’s AI venture, xAI, which is reportedly seeking fresh funding at a valuation of over $200 billion. 

Altogether, these bets underscore how closely tied Musk’s fortune is to future-facing technologies.