Elon Musk has made history by becoming the first person to surpass a net worth of $600 billion. His fortune is estimated at $677 billion as of December 15, according to Forbes. This unprecedented wealth is largely attributed to a dramatic increase in the valuation of his private aerospace company, SpaceX, which recently completed a tender offer valuing it at approximately $800 billion.
The surge in SpaceX’s worth added an estimated $168 billion to Musk’s wealth, with his 42% stake in the company now constituting his most valuable asset. His other holdings include a roughly 12% stake in Tesla and a majority stake in his artificial intelligence company, xAI. Musk’s financial lead is substantial, with a gap of over $400 billion separating him from the world’s second-richest person.
In related business news, Musk’s AI firm, xAI, recently launched Grokipedia, an AI-generated online encyclopedia presented as an alternative to Wikipedia. Furthermore, President Donald Trump recently issued an executive order targeting major shareholder advisory firms that have previously opposed corporate decisions favored by Musk, a move viewed as a political win for the billionaire.