Elon Musk has set a new benchmark in global wealth, becoming the first person to cross a net worth of $600 billion, according to Forbes’ real-time billionaire rankings. This historic rise has been fueled largely by a major tender offer for SpaceX shares, which sharply lifted the private company’s valuation and reinforced Musk’s dominance across cutting-edge industries. The surge comes just months after he crossed the $500 billion mark, underscoring the rapid acceleration of his financial empire.

The catalyst behind the record-breaking leap is SpaceX’s latest internal share sale, which valued the company at unprecedented levels and significantly increased the value of Musk’s roughly 42 percent stake. Forbes estimates that with full valuation adjustments, his fortune could reach as high as $677 billion. Speculation around a possible SpaceX initial public offering in 2026, potentially valuing the company near $800 billion, has further energized investors, with the prospect of adding hundreds of billions more to Musk’s wealth if such plans materialize.

Beyond SpaceX, Musk’s fortune remains anchored by Tesla, where his approximately 12 percent ownership continues to pay off despite broader electric vehicle market pressures, with the stock up about 13 percent so far this year. His growing portfolio also includes ventures such as xAI and Neuralink, while Starlink’s expanding global satellite network and upcoming Starship launches point to even larger ambitions ahead. The scale of Musk’s wealth now far exceeds that of other tech billionaires, with figures like Larry Ellison and Jeff Bezos trailing by a wide margin.

The dramatic rise reflects strong investor confidence in Musk’s long-term bets on space exploration, artificial intelligence, and autonomous technology, even amid periods of sharp market volatility that previously trimmed his net worth. As SpaceX secures major government contracts and edges closer to a potential IPO, Musk’s trajectory toward trillionaire status no longer seems far-fetched, signaling a profound shift in how innovation-driven fortunes can reshape global markets.

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