Business tycoon Elon Musk became the first person in history to cross $600 billion in net worth, as plans for a SpaceX IPO move ahead, according to a Forbes report. He is the first billionaire to cross the six-hundred mark, making him again the richest billionaire on the planet, touching $677 billion.
He crossed $500 billion in October, which too was a historic first.
The update comes as SpaceX—a space exploration company in which Musk has a 42% stake—is reportedly mulling a $1 trillion IPO deal to happen next year. The potential deal has been hyped by investors as possibly the largest deal of 2026.
Forbes values the IPO higher at $1.5 trillion, according to one of the company’s investors.
Apart from Musk’s sizeable ownership in SpaceX, he also has majority stakes in Tesla, xAI, The Boring Company, and NeuraLink, which allow him to maintain executive control.
If Musk crosses $1 trillion in net worth, it will likely be all of these companies that gave the valuation boost.
Musk is ahead of tech billionaires Larry Page, Larry Ellison, and Jeff Bezos.