16.12.2025 10:25
American billionaire businessman Elon Musk became the first person in history to have a net worth exceeding $600 billion following news that his company SpaceX could go public.
According to Forbes, American billionaire entrepreneur Elon Musk has become the first person in history to surpass a net worth of 600 billion dollars.
SHOCKING DEVELOPMENT AFTER "IPO" NEWS
This development came after reports that Musk's company SpaceX could go public with a valuation of 800 billion dollars.
In October, Musk became the first person to exceed a net worth of 500 billion dollars and holds approximately 42% of SpaceX, which is preparing for an IPO next year.
HIS WEALTH SUDDENLY ROSE TO 677 BILLION DOLLARS
According to Forbes, this valuation of SpaceX increased Musk's wealth by 168 billion dollars, bringing it to approximately 677 billion dollars on Monday.
TESLA SHARES ROSE 13% THIS YEAR
Musk's wealth was also supported by his approximately 12% stake in electric vehicle manufacturer Tesla. Despite a slowdown in sales, Tesla shares have risen by 13% so far this year. On Monday, after Musk announced that he was conducting robotaxi tests without a security officer in the front passenger seat of the company, shares increased by about 4%.
In November, Tesla shareholders approved a 1 trillion dollar compensation package for Musk. Additionally, it is reported that Musk's artificial intelligence venture xAI is in advanced discussions for a 15 billion dollar new capital raise at a valuation of 230 billion dollars, according to a media report.