Group 1 - Musk's wealth has surpassed $638 billion, driven by SpaceX's valuation of approximately $800 billion, making it the world's most valuable private company [1][8] - Musk holds a 42% stake in SpaceX, valued at about $317 billion after applying a liquidity discount typical for private firms, effectively doubling SpaceX's valuation from around $400 billion in July [2][7] - This marks the first instance where Bloomberg has calculated an individual's fortune to exceed $600 billion [3] Group 2 - Musk's financial ascent has been rapid; he was valued at $4.8 billion in May 2013 and crossed the $100 billion mark in 2020 due to Tesla's stock performance [6] - The latest valuation highlights the significance of SpaceX to Musk's overall wealth, even as Tesla remains a publicly traded entity [7] - If SpaceX proceeds with an IPO next year, targeting a valuation of $1.5 trillion, Musk's stake could be worth over $625 billion, positioning him close to becoming the world's first trillionaire [8]
Elon Musk’s fortune breaks the $600 billion mark as new SpaceX valuation ignites wealth surge
The Economic Times·2025-12-16 05:40