International
Elon Musk, often described as a modern-day tycoon, has created history by crossing yet another rare milestone. He has become the only person in the world with a net worth exceeding $600 billion (approximately Rs 50 lakh crore). Musk is the first individual in history to surpass the $600 billion mark in personal wealth. Compared to Oracle co-founder Larry Ellison, who is in second place, the Tesla chief’s wealth is higher by about $150 billion.
According to Forbes, Elon Musk’s net worth surged to an estimated $677 billion after SpaceX initiated a tender offer earlier this month. Reports suggesting a sharp rise in SpaceX’s valuation and a potential IPO significantly boosted Musk’s wealth. Holding nearly 42% stake in SpaceX, Musk’s personal wealth increased by around $168 billion.
With this, Musk has effectively become the world’s first trillionaire in the making. SpaceX is reportedly targeting a valuation of $1.5 trillion during a future IPO, possibly by 2026. Even without an IPO, SpaceX has now emerged as Musk’s most valuable asset. His SpaceX holdings alone are valued at around $336 billion.
In addition, Musk owns about 12% stake in Tesla, valued at approximately $197 billion. However, this does not fully include the controversial 2018 CEO performance-based stock options, which were struck down by a Delaware judge in January 2024. As Musk is appealing the decision, Forbes has currently discounted the value of those options by 50%, estimating them at around $69 billion.
Tesla continues to play a crucial role in Musk’s journey toward trillionaire status. The company is aggressively working to boost its market capitalization, with future plans focusing on robotaxis and AI expansion. If Musk achieves these performance targets, he is expected to receive a massive stock package.
Experts estimate that Musk could accumulate nearly $900 billion more, pushing his wealth beyond $1 trillion. However, this would require Tesla’s market value to rise to about $8.5 trillion over the next decade. Currently, Tesla’s valuation stands at around $1.1 trillion, meaning it would need to grow nearly eightfold.
Even major tech giants like Nvidia, despite being valued at almost twice Tesla’s market cap, have not reached such levels.
Meanwhile, amid reported differences with US President Donald Trump, Elon Musk announced in July that he plans to launch a new political party named “The America Party.” However, the party has not yet been officially registered. In the United States, party registration rules vary by state, and forming a nationwide party capable of contesting elections in all 50 states is extremely challenging.
Even if Musk forms his own party, he is not eligible to contest the US presidential election, as he was born in South Africa. Under the US Constitution, presidential candidates must be natural-born US citizens.
Whether Musk’s political announcement will remain symbolic or turn into concrete action remains a matter of suspense.
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