Musk’s Net Worth Rises $16 Billion As SpaceX Heads Toward IPO

By Douglas A. McIntyre Published Apr 6, 11:09AM EDT

Quick Read

SpaceX At $1 Trillion
Tesla Rises
Long Term Wealth Should Rise

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Musk’s Net Worth Rises $16 Billion As SpaceX Heads Toward IPO — © 2025 Getty Images / Getty Images News via Getty Images

Elon Musk’s net worth declined in the early part of 2026 due to Tesla’s (NASDAQ: TSLA | TSLA Price Prediction) problems. Tesla’s stock dropped from $480 in mid-December to $355 recently. Its market cap today is $1.35 trillion. Musk owns about 15% of the company. His net worth received a significant boost as SpaceX announced an IPO that could value the company at $1.5 trillion (although the final price of the stock has not been announced). Musk owns about 45% of SpaceX. xAI,

Musk’s xAI company has been merged into SpaceX, as the companies announced in February. At the time, xAI was valued at $250 billion. SpaceX was valued at $1 trillion.

According to the Bloomberg Billionaire list, Musk’s net worth is up $16 billion to $636 billion this year. Among the 15 richest people in the world, none can match the increase. Musk not only ranks No.1 on the list. No.2, Larry Page of Alphabet (NASDAQ: GOOG), is worth $254 billion. Most of the other richest people on the list have posted declines in net worth this year as megatech companies become less attractive to investors. This is primarily because they are betting huge amounts on AI. The market believes not all of them can be winners.

Musk owns stakes in several other companies, but none of them is valued anywhere near Tesla or SpaceX. These include Neuralink, the implantable brain-machine interface operations, and The Boring Company, which develops intra-city transit systems.

Musk has a long-term options deal that, over 10 years, could make his Tesla stock worth over $1 trillion.

In many ways, Musk’s wealth came out of nowhere compared to most other people on the tech list. Tech billionaires like Bill Gates had been on the list for over a decade. So has Warren Buffett. Some, such as the Walton family have been on for decades. Each began to gather extreme wealth before the turn of the century. SpaceX owns the space rocket business. Its value is unlikely to decline and could increase considerably. Musk may stay at the top of the rich list indefinitely

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.