Elon Musk hits $677 billion net worth ahead of SpaceX’s 2026 IPO — is a trillion next?
What once sounded implausible now hinges on timing, IPO markets, and whether Musk’s companies can sustain their current momentum.
• Elon Musk becomes the first person in history to surpass a $600 billion net worth.
• SpaceX and Tesla could make Musk the first trillionaire.
• His rise from $24.6 billion in 2020 to $677 billion today highlights how technology, vision, and calculated risk can scale human ambition.
Could Elon Musk actually reach a trillion dollars by 2026? Given how quickly his tech empire is expanding, the idea now feels less like speculation and more like a matter of timing. SpaceX’s recent tender offer valued the company at $800 billion, doubling its $400 billion valuation from August 2025. That single move added an estimated $168 billion to Musk’s personal fortune, pushing his net worth to around $677 billion and making him the first individual to cross the $600 billion threshold.
What stands out isn't just the size of the number, but what it reflects. Musk’s wealth is concentrated in companies that are actively reshaping entire industries. SpaceX is positioning itself for a possible 2026 IPO that could value the company north of $1.5 trillion, while Tesla continues to influence how transportation, energy, and automation evolve globally.
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Where is Musk’s wealth actually coming from?
A closer look shows how concentrated and leveraged his fortune really is. Musk owns roughly 42% of SpaceX, a 12% stake in Tesla currently valued at about $197 billion, and an estimated 53% of xAI Holdings, which is valued around $60 billion. Each of these assets is tied to long-term bets on space infrastructure, autonomous systems, and artificial intelligence rather than short-term financial engineering.
xAI Holdings, which merged with X (formerly Twitter) earlier this year, is reportedly exploring a valuation as high as $230 billion, more than double its initial valuation. Tesla’s performance-based compensation structure could also unlock substantial additional value over the next decade if the company continues meeting aggressive growth targets. Together, these holdings create a compounding effect where gains in one area reinforce the others.
Ogbonda Chivumnovu
How fast did Musk’s net worth grow to this level?
The speed of Musk’s ascent is almost as striking as its scale. In March 2020, his net worth stood at $24.6 billion. Later that year, a surge in Tesla’s stock price pushed him past $100 billion. By January 2021, he became the world’s richest person at nearly $190 billion, crossing $200 billion later that year and $300 billion by November 2021. The milestones kept coming. He reached $400 billion in December 2024, $500 billion in October 2025, and now more than $600 billion.
Even now, Musk’s lead over the next richest individual, Google cofounder Larry Page, is estimated at $425 billion. With less than $23 billion separating him from the $700 billion mark, another milestone appears imminent.
These numbers represent projects that could change the way we travel, work, and interact with technology. From rockets that aim for Mars to AI that could reshape how we communicate online, Musk’s net worth is a measure of the ideas he’s betting on and the speed at which they’re reshaping the world.
Conclusion
At this point, the trillion-dollar question is no longer just about wealth. It's about whether SpaceX’s IPO ambitions materialize, whether Tesla and xAI continue scaling at their current pace, and whether markets remain willing to assign historic valuations to companies operating at the edge of what technology can do. If those conditions hold, a trillion-dollar net worth may not feel extraordinary. It may simply be the next number on the chart.
Emmanuel Oyedeji
